Which of the following is not a valid basis for omitting an audit test in forming an opinion on the clients financial statements?
A) the difficulty and expense involved in testing a particular item
B) the relative risk involved
C) the degree of reliance on the relevant internal controls
D) the relationship between the cost of obtaining evidence and its usefulness

Question

Quizplus · Accepted Answer

The difficulty and expense involved in testing a particular item is not a valid basis for omitting an audit test, as auditors are required to obtain sufficient appropriate evidence regardless of the difficulty or expense.

Which of the Following Is Not a Valid Basis for Omitting