__________ to Determine the Appropriate Level of Audit Evidence Required

question 34

Multiple Choice

__________ to determine the appropriate level of audit evidence required to form an opinion when Australian auditing standards direct the auditors work.

• A)A high level of professional judgement is not required
• B)A high level of professional judgement is required
• C)A moderate level of professional judgement is preferred
• D)A low level of professional judgement is required

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Definitions:

Direct Liability

Liability that is attributed to an individual or entity due to their own actions or negligence, not through the actions or negligence of others.

Respondeat Superior

A legal doctrine that holds employers or principals responsible for the actions of their employees or agents, conducted within the scope of their employment or agency.

Liability

The state of being responsible for something, especially in terms of legal or financial obligations.

Express Authority

is explicitly granted permission or power given to an agent or representative by a principal or employer to act on their behalf.