Factors affecting reasonable assurance-00111
Factors affecting reasonable assurance
This multiple choice question (MCQ) is related to the book/course
vu acc311 Fundamentals of Auditing.
It can also be found in
vu acc311 Final Term - Quiz No.12.
Factors affecting reasonable assurance
Inherent limitation of an audit, i.e. failure of audit procedures to detect material misstatements in financial statements because of The use of testing (application of procedures on samples).
Exercise of judgment by the auditor in gathering of evidence and drawing of conclusion.
Existence of other limitations like related parties etc.
All of these
