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A notable item is an item identified from the population being analyzed that has one or more characteristics that, for a relevant assertion, may I.
A notable item is an item identified from the population being analyzed that has one or more characteristics that, for a relevant assertion, may I. Be indicative of a risk of an immaterial misstatement not previously identified. II. Be indicative of a risk of higher risk of material misstatement than anticipated by the auditor. III. Provide information useful in designing or tailoring procedures to address risks of material misstatement. Which items are correct? O I, II, and III OI and III O II and III O III only
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Codification Of Statements On Auditing Standards Including Statements On Standards For Attestation Engagements Volume 1
Authors: AICPA
1st Edition
1937352013, 978-1937352011
