The Auditor Normally Does Not Need to Test the Accuracy

question 56

Multiple Choice

The auditor normally does not need to test the accuracy or classification of fixed assets recorded in prior periods if they are the continuing auditor because

• A) they are rarely material to the audit.
• B) they rarely contain misstatements.
• C) they are verified in previous audits.
• D) they don't affect the balance sheet.

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