_______the audit risk,_______the materiality and _______the audit effort?

Related Mcqs:

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...

Internal check is carried on by___________?

A. Staff specially appointed for the purpose B. Internal auditor C. Supervisor of the staff D. Members of the staff...

The auditor’s permanent working paper file should not normally, include__________?

A. Extracts from client’s bank statements B. Past year’s financial statements C. Attorney’s letters D. Debt agreements...

Which of the following statements is not true about continuous audit?

A. It is conducted at regular interval B. It may be carried out on daily basis C. It is needed when the organization has a good internal control system D. It is expensive...

The branch auditor is appointed by___________?

A. Shareholders in an annual general meeting B. Shareholders in general meeting C. Board of directors in board meeting D. Any of the above...