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 substantive tests.

Question

Quizplus · Accepted Answer

The performance principle focuses on planning and performing the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Evaluating independence is part of the ethical responsibilities, not the performance principle.

The Performance Principle Would Include All of the Following Except