When Using Management's Written Representations as Audit Evidence About the Completeness

question 5

Multiple Choice

When using management's written representations as audit evidence about the completeness assertion,an auditor should consider that such representations:

• A)Complement,but do not replace,substantive procedures designed to support the assertion.
• B)Constitute sufficient evidence to support the assertion when considered in combination with a moderate assessed level of control risk.
• C)Are generally sufficient audit evidence to support the assertion regardless of the assessed level of control risk.
• D)Replace the assessed level of control risk as evidence to support the assertions.

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Definitions:

Group Development

The process through which a group evolves over time, often described through stages such as forming, storming, norming, performing, and adjourning.

Evaluation

The systematic process of assessing the value, importance, or effectiveness of something through analysis and comparison of data.

Concomitant Variation

A phenomenon where changes in one variable are associated with changes in another variable, suggesting a possible correlation or causal relationship.

Causality

The relationship between cause and effect, where one event (the cause) brings about another event (the effect).