Which of the Following Is Not a Valid Basis for Omitting

question 68

Multiple Choice

Which of the following is not a valid basis for omitting an audit test in forming an opinion on the clients financial statements?

• A)The difficulty and expense involved in testing a particular item
• B)The relative risk involved
• C)The degree of reliance on the relevant internal controls
• D)The relationship between the cost of obtaining evidence and its usefulness

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Definitions:

Revolutionary Spirit

The fervor or mindset among a population that drives them to seek radical structural change within their society or government, often through dramatic means.

Common Sense

Practical judgment concerning everyday matters, or a basic ability to perceive, understand, and judge that is shared by ("common to") nearly all people.

Thomas Paine

An influential thinker and author of the 18th century, best known for his works "Common Sense" and "The American Crisis," which advocated for American independence from Britain.

Lockean Liberalism

A political philosophy based on the writings of John Locke, emphasizing individual rights, the rule of law, and the idea that government should be based on the consent of the governed.