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6 Cards in this Set
- Front
- Back
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In what order should the following occur?
a. assess client business risk b. understand the client's bus & industry c. perform prelim analytical proc d. assess acceptal audit risk |
b, a, d, c
understand, assess bus risk, assess audit risk, perform prelim analytical proc |
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Which of the following is not correct regarding an auditor's decision that a lower acceptable audit risk is appropriate?
a. more evidence is accumulated b. review of audit docs is performed by personnel not assigned to the engagmt c. special care is required in assigning experienced staff d. less evidence is accumulate |
d
Less evidence accumulated would not be appropriate for a lower acceptable audit risk decision. |
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Early appointment of the independent auditor would enable?
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a more efficient examination to be planned
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In what order should the following occur?
a. assess client business risk b. understand the client's bus & industry c. perform prelim analytical proc d. assess acceptal audit risk |
b, a, d, c
understand, assess bus risk, assess audit risk, perform prelim analytical proc |
|
|
Which of the following is not correct regarding an auditor's decision that a lower acceptable audit risk is appropriate?
a. more evidence is accumulated b. review of audit docs is performed by personnel not assigned to the engagmt c. special care is required in assigning experienced staff d. less evidence is accumulate |
d
Less evidence accumulated would not be appropriate for a lower acceptable audit risk decision. |
|
|
Early appointment of the independent auditor would enable?
|
a more efficient examination to be planned
|
