The extent of procedures is affected mostly by which of the following factors?
A)the sheer volume of procedures to be applied by the auditor.
B)the time of year in which the client takes a physical inventory in the warehouse.
C)the auditor's judgment that misstatements are probable in certain balances.
D)the availability of the client's staff at or near the balance sheet date.

Question

Quizplus · Accepted Answer

The extent of audit procedures is primarily influenced by the auditor's assessment of the risk of material misstatement. If the auditor judges that misstatements are probable in certain balances, they will increase the extent of procedures to address those risks.

The Extent of Procedures Is Affected Mostly by Which of the Following