Which of the Following Statements Is Not True with Respect

question 53

Multiple Choice

Which of the following statements is not true with respect to the performance principle?

• A) Auditors are required to prepare a written audit plan during the planning stages of initial audits but are not required to do so in continuing audits.
• B) Audit teams consider materiality in planning the audit, performing the audit, and evaluating the effect of misstatements on the entity's financial statements.
• C) In assessing the risk of material misstatements, the audit team considers the effectiveness of the entity's internal controls in preventing and detecting misstatements.
• D) Auditors are required to consider both the relevance and reliability of evidence in evaluating whether the evidence they have gathered is appropriate.

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Definitions:

Poverty Alleviation

A set of measures, both economic and social, intended to permanently lift people out of poverty by improving their living conditions and economic statuses.

Deep Ecology

An environmental philosophy that emphasizes the intrinsic value of all living beings and the need for humans to harmoniously coexist with nature.

Local Ecosystems

The community of living organisms, including plants, animals, and microorganisms, in conjunction with the nonliving components of their environment, interacting as a system within a specific local area.

Human Needs

Fundamental requirements necessary for individuals to function and thrive, including basic physical needs, safety, belonging, esteem, and self-actualization.