Auditors Have Found That Generally the Most Efficient and Effective

question 76

Multiple Choice

Auditors have found that generally the most efficient and effective way to conduct audits is to

• A) obtain complete assurance about the correctness of each class of transactions affecting the account.
• B) obtain some combination of assurance for each class of transactions and for the ending balance in the related accounts.
• C) obtain assurance about the ending balance of the account only.
• D) verify each entry that was made into an account.