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Author Question: The auditor's best defense when material misstatements arenotuncovered is to have conducted the audit (Read 93 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
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Rafic Kaaki

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Reply 2 on: Aug 21, 2022
:D TYSM

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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