When the Results of Substantive Procedures Identify Misstatements, _______

question 61

Multiple Choice

When the results of substantive procedures identify misstatements, _______.

• A)the auditors refer the misstatements to the prior auditor for correction
• B)auditors consider whether the misstatements may be indicative of the need to re-evaluate inherent risk, control risk or fraud risk
• C)auditors consider whether the misstatements may be indicative of the need to re-evaluate inherent risk only
• D)auditors consider whether the misstatements may be indicative of the need to re-evaluate control risk only