Which among the following is not a major purpose of onsite fieldwork conducted by the auditor as a part of overall audit process?

a. Reviewing procedures and processes

b. Evaluation and identification of risks involved.

c. Testing the compliance with policies and procedures

d. Evaluation of adequacy of internal controls

Question 31 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text The risk of a material misstatement in the financial statements arising due to error or omission as a result of factors other than the failure of controls is called:

a. Deduction Risk

b. Inherent Risk

c. Control Risk

d. Detection Risk

Question 32 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text ______ involves checking the mathematical accuracy of documents.

a. Analytical Procedure

b. Inquiry

c. Confirmation

d. Computation