Which of the following factors is most important in determining the appropriations of audit evidence?

Related Mcqs:

Errors of Omission are_____________?

A. Technical errors B. Errors of principle C. Compensating errors D. None of the above...

Floating assets are valued at____________?

A. cost B. Market price C. Cost or market price whichever is lower D. Cost less depreciation...

What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing?

A. The auditor has ascertained that the balance is materially correct when in actual fact it is not B. The auditor concludes the balance is materially misstated when in actual fact is not C. The auditor has rejected an item from sample which was not supported by documentary evidence D. He applies random sampling on … What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing?Read More...

Audit programme is prepared by____________?

A. The auditor B. The client C. The audit assistants D. The auditor and his audit assistants...

The current file of the auditor’s working papers, generally, should include____________?

A. A flowchart of the internal controls B. Organisation charts C. A copy of financial statements D. Copies of bond and debentures...