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:

Small Intestine

A part of the gastrointestinal tract where most of the digestion and absorption of nutrients occurs.

Carbohydrate

Molecule that consists mainly of carbon, hydrogen, and oxygen atoms in a 1:2:1 ratio. A sugar, or a polymer of sugars (e.g., cellulose, starch, glycogen).

Chemical Digestion

The process of breaking down food into smaller, absorbable components using enzymes, acids, and other substances in the digestive system.

Mouth

The opening in the face of a human or animal that functions in the intake of food and air; the start of the digestive tract.