Which of the following occurrences would be least likely to warrant further audit attention for the auditor?
A) deviations from client's established control procedures
B) deviations from client's budgeted values
C) monetary misstatements in populations of transaction data
D) monetary misstatements in populations of account balance details

Question

Quizplus · Accepted Answer

Deviations from budgeted values, while important for management purposes, do not necessarily indicate a risk of material misstatement in the financial statements. The other options all relate directly to the accuracy of financial information and would warrant further audit attention.

Which of the Following Occurrences Would Be Least Likely to Warrant