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Author Question: The auditor's best defense when material misstatements arenotuncovered is to have conducted the audit (Read 92 times)

Rafic Kaaki

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on: Aug 21, 2022

Question 1

The auditor has no responsibility to plan and perform the audit to obtain reasonable assurance that misstatements that are not ________ are detected.
◦ important to the financial statements
◦ statistically significant to the financial statements
◦ material to the financial statements
◦ identified by the client

Question 2

The auditor's best defense when material misstatements are not uncovered is to have conducted the audit
◦ in accordance with generally accepted auditing standards.
◦ as effectively as reasonably possible.
◦ in a timely manner.
◦ only after an adequate investigation of the management team.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Rafic Kaaki on Aug 21, 2022

swagmaster69

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Rafic Kaaki

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

ebonylittles

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Reply 3 on: Yesterday
Wow, this really help

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