Which element(s)is/are pervasive to the application of the Principles Underlying an Audit Conducted in Accordance with GAAS particularly the Performance and Reporting sections?
A)The elements of materiality and audit risk.
B)The element of internal control.
C)The element of corroborating evidence.
D)The element of reasonable assurance.

Question

Quizplus · Accepted Answer

Materiality and audit risk are pervasive elements in the performance and reporting sections of GAAS, as they influence the auditor's decisions and judgments throughout the audit process.

Which Element(s)is/are Pervasive to the Application of the Principles Underlying