Which of the following would you not use as a benchmark for comparison when undertaking analytical procedures?

Related Mcqs:

Why do auditors concentrate their efforts on material items in accounts?

A. Because they are easier to audit B. Because it reduces the audit time C. Because the risk to the accounts of their being incorrectly stated is greater D. Because the directors have asked for it...

______the audit risks_______the materiality and_________the audit effort.

A. Lower, Higher, Lower B. Lower, Lower, Higher C. Higher, Lower, Lower D. Lower, Higher, Higher...

When issuing unqualified opinion, the auditor who evaluates the audit findings should be satisfied that the_____________?

A. Amount of known misstatement is documented in working papers B. Estimates of the total likely misstatement is less than materiality level C. Estimate of the total likely misstatement is more than materially level D. Estimates of the total likely misstatement cannot be made...

Auditor of a___________company does not have right to visit foreign branches of the company?

A. Unlimited liability B. Manufacturing C. Banking D. Non­profit making...

An auditor should not accept a loan on favourable commercial terms from an audit client because of the threat to his or her independence. The threat would be a___________?

A. Self-interest threat B. Self-review threat C. Advocacy threat D. Familiarity threat...