Which of the Following Factors Should Not Influence the Extent

question 57

Multiple Choice

Which of the following factors should not influence the extent and timing of when substantive procedures are performed?

• A) the type of audit opinion that the client would like the auditor to issue
• B) the complexity of the client's data capturing systems
• C) the level of assurance necessary
• D) the type of evidence required

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Definitions:

Presentment

The formal presentation of a document such as a check or bill of exchange for payment or acceptance.

Negotiable Instrument

A document that ensures the payment of a specified sum of money, either upon request or at an established date, with the payer's name indicated on it.

Presentment Warranties

Guarantees made by the presenter of a negotiable instrument, such as a check, regarding the legitimacy and authority to transfer the instrument.

Liability

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