Asking the right questions and probing further until the auditor is satisfied with the responses can help the auditor to detect a material misstatement in the financial statements.

Question

Quizplus · Accepted Answer

Asking the right questions and probing further are important techniques used by auditors to gather sufficient evidence to support their audit opinion on a company's financial statements. This process helps auditors to detect any material misstatements that may exist in the financial statements by identifying inconsistencies, errors, or omissions in the information provided. By asking the right questions and probing further, the auditor is able to gain a deeper understanding of the financial statements and the underlying transactions, which enables them to assess the risks of material misstatements and design effective audit procedures to address those risks.

Asking the Right Questions and Probing Further Until the Auditor