When the auditor is attempting to determine the extent to which external users rely on a client's financial statements, they may consider several factors except for:
A) client size.
B) concentration of ownership.
C) types and amounts of liabilities.
D) assessment of detection risk.

Question

Quizplus · Accepted Answer

The extent to which external users rely on a client's financial statements is not determined by the assessment of detection risk. Factors that may be considered include client size, concentration of ownership, and types and amounts of liabilities.

When the Auditor Is Attempting to Determine the Extent to Which