In the planning process,the auditor assesses the risk that misstatements have occurred in the financial statements.The source of misstatements includes
A) inaccuracies in gathering or processing data used to audit the financial statements
B) the use of auditing standards that may be unreasonable or inappropriate
C) differences between the amount or classification of a financial statement item and what should have been reported under generally accepted auditing standards
D) omissions of financial statement explanations
E) financial statement disclosures that are not in accordance with generally accepted accounting principles
Correct Answer:
Verified
Q36: The auditing standards describe how an auditor
Q37: When an auditor agrees to perform an
Q38: How does the auditor gain an understanding
Q39: In the request for information from the
Q40: When an auditor agrees to perform an
Q42: For internal controls that are relevant to
Q43: To identify the risk of material misstatement,the
Q44: In planning the audit,the auditor makes decisions
Q45: In planning the audit,the auditor makes decisions
Q46: How does the auditor gain an understanding
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents