The auditor would prepare a bank reconciliation using the bank statement obtained from the client and verify major reconciling items and mathematical accuracy when detection risk is:
A) very high.
B) high.
C) moderate.
D) very low.
E) low.
Correct Answer:
Verified
Q26: The primary means by which the auditor
Q27: Who is responsible for establishing the process
Q28: The least costly form of testing is
Q29: Revision of the planned level of detection
Q30: Use of auditor judgment or of a
Q32: Confirmation and direct knowledge by the auditor
Q33: Which standards of fieldwork primarily affect substantive
Q34: Assume the preliminary audit strategy was based
Q35: An inaccurate form of the audit risk
Q36: An auditor has computed the revised level
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