Question: which statement is correct? A. assertions affected by highly objective estimates usually require direct tests of balances. B. THe materiality o fthe account totally dictates

which statement is correct?

A. assertions affected by highly objective estimates usually require direct tests of balances. B. THe materiality o fthe account totally dictates the substantive procedures to be performed. C. the evidence the auditor obtains from risk assessment procedures does not influence the substantive procedures to be performed. D. the extent and results of control tests performed by the auditor will influence the substantive procedures to be performed.

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!

Which statement is correct? a. The extent and results of control tests performed by the auditor will influence the substantive procedures to be performed. b. The evidence the auditor obtains from...

Help me in my homework,I need minimum 95% and I have only one attempt where I can score ,once I submit the answers can't change choose wisely answers Question 1 of 45 Which of the following...

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...

I can get the answer for task 3 please Noyers Ltd Company Background The Entity Noyers Ltd, a company with its headquarters in Launceston, Tasmania, has been listed on the Australian Securities...

1.As used in PSA 560, the term "subsequent events" refers to a.Events occurring the date of the financial statement. b.Events occurring after the date of the auditor's report c.Events occurring...

If possible pls help me with this via email as the answer should be limited to one individual per submission. again pls if possible thru email antonionlyfans6969 g mail.com Prepare a word doc., about...

** Its a practice test that prof gave us for the preparation so its not homework or anything like that 1. Which of the following is a characteristic of monetary unit sampling (MUS)? A) MUS is a form...

Solve the quadrature problem in the previous exercise using your local (C or POSIX) threads library. You will have to read online documentation for the thread package on your host OS, where you will...

Mathematical Model Consider the following mathematical model of a physical system + (M? + sin(/))y? + (log10(m) + k}) + JBy = y + cos(a) u? Parameter Values M = 1.5,] =,m = 50, kr = 6, B = 9,y = 1,...

You are a CPA, and you're aware of a colleague manipulating financial reports. What is the AICPA Code of Professional Conduct's guidance likely to advise you to do ? Group of answer choicesIgnore it...

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...