Which of the Following Elements Ultimately Determines the Amount of Audit

question 29

Multiple Choice

Which of the following elements ultimately determines the amount of audit work that is necessary in the circumstances to afford a reasonable basis for an opinion?

• A)Auditor judgment.
• B)Materiality.
• C)Relative risk.
• D)Reasonable assurance.

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Definitions:

Functional Conflict

Constructive or cooperative conflict, which contributes positively to the performance or goals of the group or organization.

Greater Effort

The increased amount of mental or physical energy put into a task or activity to achieve better outcomes.

Creativity

The generation of a novel idea or unique approach that solves a problem or crafts an opportunity.

Interpersonal Conflict

A situation where two or more individuals in an organization disagree or clash due to differences in opinions, values, or interests.