As you learned if you assess that control risk is high it is necessary for you to perform more audit procedures Yet it is possible for audit procedures to be performed incorrectly or misapplied leading to audit evidence that is misleading or irrelevant Give one example of one way the audit procedure could be misapplied for each of the following procedures

Answer rating: 100% (QA)

Potential Audit Procedure Failures for each audit procedure a recalculation You can use a wrong assumption such as the wrong useful life and so the co... View the full answer