Which of the Following Explanations Best Describes Why an Auditor

question 29

Multiple Choice

Which of the following explanations best describes why an auditor may decide to reduce tests of details for a particular audit objective?

• A)The audit is being performed soon after the balance sheet date.
• B)Audit staff are experienced in performing the planned procedures.
• C)Analytical procedures have revealed no unusual or unexpected results.
• D)There were many transactions posted to the account during the period.

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Definitions:

Violations of the Law

Actions or conduct that breach the rules or statutes prescribed by legal authority.

Ethical Standards

Principles that govern the behavior of individuals and organizations, guiding them towards choosing what is right and beneficial for all stakeholders.

Misconduct

Improper or unlawful behavior by an individual, often violating the rules or standards of a profession or organization.

Hydrothermal Rock

A rock that precipitated directly from hot water, either at depth or on the surface.