Significant findings are to be documented by the auditor,including actions taken to address them and the basis for the final conclusion reached.Findings that might be significant include
A) accounting for complex or unusual assertions or accounting predictions
B) results of audit procedures indicating that the financial statements or disclosure could be materially misstated or the need for an auditor to revise his previous assessment of the risk of material misstatement
C) circumstances that made it difficult for the auditor to apply auditing procedures
D) findings that could result in modifications to management's report
E) adjustments that the auditor has made to the financial statements
F) both A and D
G) both B and C
Correct Answer:
Verified
Q55: Audit documentation
A)is the property of the client
B)is
Q56: What are the types of fraud that
Q57: In documenting the nature,timing,and extent of audit
Q58: The auditor's responsibility for fraud detection is
Q59: The primary responsibility for fraud prevention and
Q61: The condition,opportunity to commit fraud,is present when
A)An
Q62: When misappropriation of assets occurs,
A)management failed to
Q63: Management can override controls by
A)suggesting fictitious journal
Q64: The auditor is expected to
A)modify the audit
Q65: Some personal financial problems that put pressure
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