Which of the following recognizes that an audit conducted under generally accepted auditing standards may not detect
Question:
Which of the following recognizes that an audit conducted under generally accepted auditing standards may not detect all material misstatements?
a. Absolute assurance.
b. Professional judgment.
c. Reliability of audit evidence.
d. Reasonable assurance.
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a Incorrect The concept of absolute assurance requires auditors to identify and ...View the full answer
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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