The following questions concern auditor responsibilities in an audit of

The following questions concern auditor responsibilities in an audit of financial statements. Choose the best response. 

a. The auditor’s responsibility regarding material misstatements caused by fraud is 

(1) Less than the auditor’s responsibility regarding material misstatements caused by error. 

(2) Greater than the auditor’s responsibility regarding material misstatements caused by error. 

(3) The same as the auditor’s responsibility regarding material misstatements caused by error. 

(4) Either less than or greater than the auditor’s responsibility regarding material misstatements caused by error, depending on the circumstances. 

b. Which of the following would not have a direct impact in determining the sufficiency of evidence gathered during an audit? (1) The cost-benefit relationship of obtaining the audit evidence 

(2) The quality of audit evidence obtained 

(3) The auditor’s professional judgment 

(4) The risk of material misstatement 

c. When determining the auditor’s or management’s responsibility for compliance with laws and regulations during an audit, which of the following statements below would be incorrect? 

(1) The auditor is not responsible for preventing noncompliance with laws and regulations. 

(2) Management and those charged with governance are responsible for ensuring that the company’s operations are conducted in accordance with all applicable laws and regulations. 

(3) The auditor provides reasonable assurance that the financial statements are free of material misstatement due to noncompliance with laws and regulations. 

(4) The auditor is expected to detect the client’s noncompliance with all laws and regulations affecting transaction cycles under review during the audit itself.

How Our Website Works

1. FILL IN OUR SIMPLE ORDER FORM

It has never been easier to place your order. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process.

2. PROCEED WITH THE PAYMENT

All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.

3. WRITER ASSIGNMENT

Next, we match up your order details with the most qualified freelance writer in your field.

4. WRITING PROCESS

Once we have found the most suitable writer for your assignment, they start working on a masterpiece just for you!

5. DELIVERY

Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it. Sometimes, the writer may leave a note for you about the order in case there is any additional information that they need to give you.

Leave a Reply

Your email address will not be published.