According to the Standards, which of the following is not a consideration when exercising due professional care for an assurance engagement?
A) The relative complexity, materiality, or significance of matters to which assurance procedures are applied.
B) The extent of assurance services necessary to ensure that all risks are identified.
C) The cost of providing the assurance services in relation to potential benefits.
D) The probability of significant errors, irregularities or instances of noncompliance.

Question

Quizplus · Accepted Answer

Due professional care does not require that all risks are identified, but rather that the internal auditor considers the extent of assurance services necessary to address significant risks.

According to the Standards, Which of the Following Is Not