To Obtain Reasonable Assurance,which Is a High,but Not Absolute Level

question 14

Multiple Choice

To obtain reasonable assurance,which is a high,but not absolute level of assurance,the auditor:

• A)performs the work and properly supervises the client
• B)determines appropriate materiality level or levels
• C)identifies and assesses risks of due to fraud based on an understanding of the entity and its environment,including the entity's internal control
• D)obtains sufficient appropriate management representations about whether material misstatements exist

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Definitions:

Sea Star

Marine invertebrates belonging to the class Asteroidea, known for their star-shaped body and ability to regenerate limbs.

Information Processing

The theory describing how humans think, reason, and learn by transforming sensory input into meaningful information.

Processing Speed

The rate at which an individual can perceive, understand, and respond to information or stimuli.

Capacity

The ability to hold, produce, or comprehend something in mind; potential or maximum output.