The greater the risk of material misstatement of the item under consideration,the more likely an auditor will turn to an expert for their advice.

Question

Quizplus · Accepted Answer

When there is a higher risk of material misstatement, an auditor may rely on the expertise of an outside specialist to obtain additional information or to assist in evaluating the item under consideration. This helps the auditor to obtain sufficient and appropriate evidence to support their opinion.

The Greater the Risk of Material Misstatement of the Item