Audit in depth is synonymous for­_____________?

Related Mcqs:

Audit risk is composed of 3 factors. Which of the following is NOT one of those factors?

A. Compliance risk B. Detection risk C. Control risk D. Inherent risk...

Audit of banks is an example of_____________?

A. Statutory audit B. Balance sheet audit C. Concurrent audit D. All of the above...

Which of the following statements is, generally, correct about the reliability of audit evidence?

A. To be reliable, evidence should conclusive rather than persuasive B. Effective internal control system provides reliable audit evidence C. Evidence obtained from outside sources routed through the client D. All are correct....

When applying analytical procedures, an auditor could develop independent estimate of an account balance to compare it to­___________?

A. client’s unedited account balance B. client’s unedited account balance adjusted for trends in the industry C. Prior year audited balance D. Prior year audited balance adjusted for trends in the industry...

Which of the following does NOT belong in the auditors’ report?

A. Introductory paragraph specifying the pages to which the report relates and the accounting convention adopted B. Basis of the opinion C. Involvement of any specialist D. Statement of responsibilities of directors and auditors...