______________ requires that the auditor shall obtain an understanding of the information system.
A)ASA 200 paragraph 8
B)ASA 315 paragraph 18
C)ISA 315 paragraph 8
D)None of the above options are correct.

Question

Quizplus · Accepted Answer

ASA 315 paragraph 18 requires that the auditor shall obtain an understanding of the information system, including the related business processes, relevant to financial reporting, and communication. This is essential for identifying and assessing the risks of material misstatement.

______________ Requires That the Auditor Shall Obtain an Understanding of the Information