Under GAAS,which of the Following Is an Appropriate Justification for Accepting

question 48

Multiple Choice

Under GAAS,which of the following is an appropriate justification for accepting to perform an audit when the risk to the auditor from accepting the engagement is high?

• A)The auditor believes that the audit risk can be reduced to a very low level by performing extensive audit work.
• B)The auditor believes the risk of material misstatement remains low.
• C)The auditor has assessed control risk as low.
• D)The auditor believes the high audit fee outweighs the risk of legal liability from association with the financial statements

---

Definitions:

Taskbar

A bar displayed on the bottom of a computer screen (by default, in most operating systems) used for launching and managing software applications.

Window

A graphical control element in computing that displays content and allows user interaction, typically part of a graphical user interface.

Tiles

Visual representations of applications, files, or functions in a user interface, allowing for easy access and organization.

Files

Digital containers used to store, organize, and manage data or information on a computer or electronic device.