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Author Question: To what extent do auditors typically rely on internal controls of their public company clients? (Read 34 times)

bvyeehaw

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Question 1

The risk that audit evidence for an audit objective will fail to detect misstatements exceeding performance materiality levels is
◦ audit risk.
◦ control risk.
◦ inherent risk.
◦ planned detection risk.

Question 2

To what extent do auditors typically rely on internal controls of their public company clients?
◦ extensively
◦ only very little
◦ infrequently
◦ never


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Marked as best answer by bvyeehaw on Aug 21, 2022

StephaniaF

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bvyeehaw

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


mammy1697

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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