The basic assumption underlying the use of analytical procedures is:____________?

Related Mcqs:

The term ‘Audit’ is derived from a Latin word “audire” which means___________?

A. To inspect B. To examine C. To hear D. To investigate...

Which of the following should NOT be considered at the planning stage?

A. The timing of the audit B. Analytical review C. Last year’s written representation letter D. Obtaining written representations...

Floating assets are valued at____________?

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

Which of the following is not an analytical procedure?

A. Tracing of purchases recurred in the purchase book to purchase invoices. B. Comparing aggregate wages paid to number of employees C. Comparing the actual costs with standard costs D. All of them are analytical procedure...

When restrictions that significantly affect the scope of the audit are imposed by the client, the auditor generally should issue which of the following opinion?

A. Qualified opinion B. Disclaimer of opinion C. Adverse opinion D. Unqualified report with ‘an emphasis of matter’ paragraph;...