The performance principle would include all of the following except:
A)the auditors' determination of materiality levels.
B)the auditors' evaluation of independence with respect to their clients.
C)the auditors' evaluation of the risk of material misstatement.
D)the auditors' determination of the nature, timing, and extent of further audit procedures.

Question

Quizplus · Accepted Answer

The performance principle in auditing primarily focuses on how auditors plan and execute their work, including determining materiality levels, assessing risks of material misstatement, and deciding on the nature, timing, and extent of audit procedures. Evaluating independence with respect to their clients, however, relates more to ethical requirements than to the performance of the audit itself.

The Performance Principle Would Include All of the Following Except