Question: Assume that application of analytical procedures revealed significant unexplained differences between recorded amounts and the expectations (estimates) developed by the auditor. If management is unable
Assume that application of analytical procedures revealed significant unexplained differences between recorded amounts and the expectations (estimates) developed by the auditor. If management is unable to provide an acceptable explanation, the auditor should
A. Consider the matter a scope limitation
B. Perform additional audit procedures to investigate the matter further
C. Intensify the audit with the expectation of detecting management fraud
D. Withdraw from the engagement.
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Hi Student The Answer is Letter B Perform additional audit procedures ... View full answer
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