In determining what a significant risk is the auditor considers-00010
In determining what a significant risk is, the auditor considers a number of matters, including all the following except
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.1.
In determining what a significant risk is, the auditor considers a number of matters, including all the following except
Whether the risk is related to recent significant accounting developments and, therefore, requires specific attention
The degree of subjectivity in the measurement of financial information related to the risk.
The likelihood of the occurrence of the risk.
The complexity of transactions that may give rise to the risk.