The quantity of audit working papers complied on engagement would most be affected by__________?
Correct answer: B. Auditor's experience and professional judgment
- A. Management's integrity
- B. Auditor's experience and professional judgment
- C. Auditor's qualification
- D. Control risk
Explanation
Experienced auditors use professional judgment to decide how much documentation is necessary for the engagement’s risks, complexity and procedures. Integrity, qualifications and control risk influence the audit, but do not directly determine documentation volume as strongly.
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About Auditing
Auditing examines accounting records and financial statements to determine whether they present a reliable and fairly stated position. The subject covers audit objectives, internal controls, audit evidence, materiality, vouching, verification, working papers, auditor independence, audit reports, and the distinction between an audit and accounting or investigation.
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More Auditing questions
Which of the following is not an advantage of the preparation of working paper?
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