According to the Standards, Which of the Following Is Not

question 109

Multiple Choice

According to the Standards, which of the following is not a consideration when exercising due professional care for an assurance engagement?

• A) The relative complexity, materiality, or significance of matters to which assurance procedures are applied.
• B) The extent of assurance services necessary to ensure that all risks are identified.
• C) The cost of providing the assurance services in relation to potential benefits.
• D) The probability of significant errors, irregularities or instances of noncompliance.

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Definitions:

White Knight

In a corporate context, a friendly company or individual that acquires a corporation at risk of a hostile takeover.