Question: When control risk is assessed as high the auditor needs to: a. perform more tests of controls. b. perform more direct testing of account balances.

When control risk is assessed as high the auditor needs to:

a.

perform more tests of controls.

b.

perform more direct testing of account balances.

c.

perform significantly fewer tests of controls.

d.

perform significantly less testing of account balances.

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:

Question 3 of 20 J1 E View Policies Current Attempt in Progress Jacqueline Martineau was told by her audit senior to ensure that the evidence she provided through analytical procedures was both...

Q:

1-Which of the following would be classified as a misstatement due to error or fraud? Select all that -apply. the auditor determines a probable loss from a pending lawsuit should be accrued for...

Q:

Questions as attatched. 80% Answers correct is okay. 1) An audit in accordance with GAAS is most likely to include comprehensive audit procedures designed to detect material noncompliance by the...

Q:

attach relative notes And please answer the questions part by part (separate) Case: Far East Plastics Ltd. You are the audit manager in charge of the audit of Far East Plastics ("FEP") Ltd., for the...

Q:

attach relative notes And please answer the questions part by part (separate) Case: Far East Plastics Ltd. You are the audit manager in charge of the audit of Far East Plastics ("FEP") Ltd., for the...

Q:

Week 7 When control risk is assessed at the maximum, the extent of documentation required in the working papers is that: no documentation is necessary. the basis for the assessment and the conclusion...

Q:

Week 7 When control risk is assessed at the maximum, the extent of documentation required in the working papers is that: no documentation is necessary. the basis for the assessment and the conclusion...

Q:

Week 7 When control risk is assessed at the maximum, the extent of documentation required in the working papers is that: no documentation is necessary. the basis for the assessment and the conclusion...

Q:

Week 7 When control risk is assessed at the maximum, the extent of documentation required in the working papers is that: no documentation is necessary. the basis for the assessment and the conclusion...

Q:

Noyers Ltd Audit Case Study Contents Noyers Ltd Company Background... The Entity Operations .. GO 935.93.?\" Governance Structure, Organisation's Structure and Financing.,., The Entity's Selection...

Q:

Complete the point-slope equation of the line through (-5,4) and (1,6). Use exact numbers.

Q:

What were the differences between German Jewish immigrants and Sephardic Jewish immigrants? Did one group assimilate better than the other? Why?

Q:

Ayayai Manufacturing has three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is \ ( \ $ 8 1 , 0 0 0 , \ $ 1 6 3...

Q:

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Q:

Set out the main benefi ts and diffi culties in the concept of Employer Branding.

Q:

Analyse the concept of engagement and explain how organisations can increase their employees engagement levels.

Q:

Understand and utilise the technological aids to the selection process.