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

Related Mcqs:

How long is the auditor’s term of office?

A. Until the audit is complete B. Until the financial statements are complete C. Until the next AGM (Annual General Meeting) D. Until the directors remove them...

Audit of banks is an example of_____________?

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

For what minimum period should audit working papers be retained by audit firm?

A. For the time period the entity remains a client of the audit firm. B. For a period of ten years C. For a period auditor opines them to be useful in servicing the client D. For the period the audit firm is in existence....

Balance sheet does not include­:_____________?

A. Verification of assets and liabilities B. Vouching of income and expense accounts related to assets and liabilities C. Examination of adjusting and closing entries D. Routine checks...

To test whether sales have been recorded, the auditor should draw a sample from a file of__________?

A. purchase orders B. sales orders C. sales invoices D. bill of loading...