Question: QUESTION 18 1 points Risks of material misstatement may be greater for significant judgmental matters requiring accounting estimates or revenue recognition and for assumptions about

 QUESTION 18 1 points Risks of material misstatement may be greater

QUESTION 18 1 points Risks of material misstatement may be greater for significant judgmental matters requiring accounting estimates or revenue recognition and for assumptions about the effects of future events (e.g. fair value) than for ordinary transactions. O True O False his QUESTION 19 1 points S What involvement, as a minimum, should be the group auditor have in the work of a significant component auditor? Design and perform audit procedures with him. O Take part to his risk assessment exercises, evaluate audit procedures, assess his memorandum and, if necessary, review other parts of his documentation. O Review his overall audit strategy and plan. None. He should rely on his professional competence and independence

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