The third standard of fieldwork requires the auditor to gather sufficient competent evidential matter to afford a
Question:
The third standard of fieldwork requires the auditor to gather sufficient competent evidential matter to afford a reasonable basis for an opinion regarding the financial statements. Explain how the concept of “reasonable basis” identified in the standard relates to audit risk.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The concept of reasonable basis identified in the standard of fieldwork relates closely to audit risk Audit risk is the risk that the auditor expresse...View the full answer
Answered By
PU Student
cost accounting
financial accounting
auditing
internal control
business analyst
tax
i have 3 years experience in field of management & auditing in different multinational firms. i also have 16 months experience as an accountant in different international firms. secondary school certification.
higher secondary school certification.
bachelors in mathematics.
cost & management accountant
4+ Reviews
10+ Question Solved
Related Book For 
Auditing Concepts For A Changing Environment With IDEA Software
ISBN: 9780324180237
4th Edition
Authors: Larry E. Rittenberg, Bradley J. Schwieger
Question Posted:
