Question: 39) When the auditor identifies risk at the assertion level, A) the auditor may need to obtain audit evidence that is more reliable and relevant.

39)

When the auditor identifies risk at the assertion level,

A)

the auditor may need to obtain audit evidence that is more reliable and relevant.

B)

the auditor may choose to conduct substantive testing during interim periods rather than at the end of the period.

C)

the auditor may decrease the sample size.

D)

both a and b

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

When the auditor identifies risk at the assertion level, Group of answer choices the auditor may need to obtain audit evidence that is more reliable and relevant. the auditor may choose to conduct...

Q:

Using the Zou Fencing Case, address the following in your paper (standard case and turn it in requirements apply). Discuss the key items auditors must consider when determining the design...

Q:

Using the Zou Fencing Case, address the following in your paper (standard case and turn it in requirements apply). Discuss the key items auditors must consider when determining the design...

Q:

Using the Zou Fencing Case, address the following in your paper Discuss the key items auditors must consider when determining the design effectiveness of internal controls AND when testing the...

Q:

1. Has your company issued any long-term bonds or notes in the most recent year? If so, read the note related to long-term debt, identify one of the bonds or notes and list any special features...

Q:

Test of controls are concerned primarily with each of the following questions, except By whom where the controls are applied Were the necessary controls consistently performed How were the controls...

Q:

41. A secondary result of the auditor's consideration of internal control is that the consideration may A. Provide a basis for determining the nature, timing, and extent of audit tests. B. Assure...

Q:

I have a question on Solvency ratios based on a financial statement. Please open the attachments below. INDEPENDENT AUDITORS' REPORT TO PARLIAMENT AND THE SHAREHOLDER OF SOUTH AFRICAN AIRWAYS SOC...

Q:

I have a question on Liquidity ratios based on a financial statement. Please open the attachments below. INDEPENDENT AUDITORS' REPORT TO PARLIAMENT AND THE SHAREHOLDER OF SOUTH AFRICAN AIRWAYS SOC...

Q:

I have a question on Profitability ratios based on a financial statement. Please open the attachments below. INDEPENDENT AUDITORS' REPORT TO PARLIAMENT AND THE SHAREHOLDER OF SOUTH AFRICAN AIRWAYS...

Q:

Name the parasites causing infection of the nervous system. Describe the life cycle, laboratory diagnosis and treatment of Acanthamoeba infection.

Q:

Berlin Company is in a world of hurt. For the past 15 years, the company has been the exclusive toy supplier to Infants-R-Us toy stores. Unfortunately for Berlin, Infants-R-Us just declared...

Q:

In the python file Pmath 0 4 b . py , 2 D bicubic interpolation is done with the assumption that both x and y are = 0 , 1 , 2 , 3 . The code does not work if the unknown point is outside the 0 , 3...

Q:

Complete the following Email. Proofread, edit using the MS Word Tracking features, correct, save, and submit the updated document. After you submit the document, the corrected document will be...

Q:

2. There is a lot of discussion about the need for diver-sity in organizations. What are some of the major benefits inclusive organizations experience?

Q:

9.1 List and briefly discuss the importance of the steps in leading organizational change.

Q:

9.2 Explain the strategic importance of career planning and development.