Which Statement Is Correct

question 24

Multiple Choice

Which statement is correct?

• A)Assertions affected by highly objective estimates usually require direct tests of balances.
• B)The materiality of the account totally dictates the substantive procedures to be performed.
• C)The evidence the auditor obtains from risk assessment procedures does not influence the substantive procedures to be performed.
• D)The extent and results of control tests performed by the auditor will influence the substantive procedures to be performed.

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Definitions:

John Holland's Model

A theory of career choice that categorizes people and work environments into six types, suggesting compatibility between them leads to job satisfaction.

Conventional People

Individuals who prefer to adhere to established norms, traditions, or ways of thinking, often valuing stability and consistency over innovation or change.

Detail Work

The aspect of a job focusing on meticulous and fine tasks, requiring attention to small elements or aspects of the work to ensure quality and accuracy.

Controlling Function

The management activity that monitors performance, compares it with goals, and takes corrective action as needed.