In determining the level of materiality for an audit, what should not be considered?

Related Mcqs:

Institute of Chartered Accountants of Pakistan was established in____________?

A. 1949 B. 1956 C. 1961 D. 1972...

Verification refers to_________?

A. Examining the physical existence and valuation of assets. B. Examining the journal and ledger C. Examination of vouchers related to assets. D. None of the above....

Which of the following is not corroborative evidence?

A. Minutes of meetings B. Confirmations from debtors C. Information gathered by auditor through observation D. Worksheet supporting consolidated financial statements...

Which of the following factors would least likely affect the quantity and content of an auditor’s working papers

A. The assessed level of control risk B. The possibility of peer review C. The nature of auditor’s report D. The content of management representation letter...

Auditing is what?

A. Reporting the financial information B. Examination of financial statements C. Preparation financial statements D. maintaining the ledger records...