In Making Judgments About the Effect of the Internal Auditors

question 93

Multiple Choice

In making judgments about the effect of the internal auditors' work on the external auditor's procedures in specific audit areas, which of the following is not one of the issues related to the specific audit areas that is considered by the external auditor?

• A) Materiality of the financial statement amounts.
• B) Risk of material misstatement of the assertions related to these financial statement amounts.
• C) Degree of subjectivity involved in the evaluation of the audit evidence gathered in support of the assertions.
• D) All of the above are considered by the auditor.

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Definitions:

Sexual Intercourse

A physical activity involving the consensual genital contact between individuals, typically resulting in sexual stimulation and pleasure.

Percentage

A numerical or mathematical way to express a part of a whole or a fraction of something in terms of 100.

Leading Cause

The primary factor or condition that dominates in bringing about an effect, such as a disease or social issue.

Disease

A condition that impairs normal functioning and is typically characterized by specific signs and symptoms.