Audit Procedures Should Be Proportional to Which of the Following

question 34

Multiple Choice

Audit procedures should be proportional to which of the following?

• A)Size of the client.
• B)Size of the firm.
• C)The assessed risks.
• D)The assessed misstatements.

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Definitions:

Technology

The use of scientific expertise to achieve practical goals, particularly within industrial sectors.

Minerals

Naturally occurring, inorganic substances with a definite chemical composition and physical properties, found in the earth’s crust.

Reserves Available

The quantities of resources or commodities in storage or available for use.

Fuel Saving

Techniques or measures adopted to reduce the consumption of fuel, enhancing efficiency.