Question
Which of the following statements is true regarding the identification and assessment of the risks of material misstatements by the auditor? a. As part of
Which of the following statements is true regarding the identification and assessment of the risks of material misstatements by the auditor?
| a. | As part of brainstorming activities, the auditor should identify possible frauds that could occur. | |
| b. | Auditing standards require the auditor to identify and assess the risks of material misstatement due to fraud at the assertion level. | |
| c. | Auditing standards require the auditor to identify and assess the risks of material misstatement due to fraud at the financial statement level. | |
| d. | All of these statements are true. |
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Accounting Understanding And Practice
Authors: Robert Perks
4th Edition
9780077139131
