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Author Question: An acceptable audit risk assessment of low indicates a risky client requiring more extensive ... (Read 14 times)

meganh99

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Question 1

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
◦ client size.
◦ concentration of ownership.
◦ nature and amounts of liabilities.
◦ assessment of detection risk.

Question 2

An acceptable audit risk assessment of low indicates a risky client requiring more extensive evidence, assignment of more experienced personnel, and/or a more extensive review of audit files.
◦ true
◦ false


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Marked as best answer by meganh99 on Aug 21, 2022

3ginamay

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meganh99

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Reply 2 on: Aug 21, 2022
Excellent


bigsis44

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

 

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