When scheduling the audit work to be performed on an engagement, the auditor should likely perform revenue
Fantastic news! We've Found the answer you've been seeking!
Question:
When scheduling the audit work to be performed on an engagement, the auditor should likely perform revenue cycle procedures at year end if
Multiple Choice
The risk associated with fraud in the revenue cycle is lower than usual.
The auditor determined the client’s internal controls over revenue recognition to be operating effectively.
The risk of material misstatement relative to financial statement assertions about revenue is acceptably low.
The auditor assessed detection risk as low.
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
Posted Date: