The report includes additional paragraphs for the definition and limitations of internal control
If a principal auditor decides to refer in his or her report to the audit of another auditor, he or she is required to disclose the portion of the financial statements audited by the other auditor
The following questions deal with generally accepted auditing standards
Choose the best response ability in the planning and supervision of the audit workWhich of the following best describes what is meant by generally accepted auditing standards? Measures of the quality of the auditor's performance
Cash audit work may have to be carried out in a more conclusive manner than inventory audit work
Which of the following is NOT correct about materiality? An auditor considers materiality for planning purposes in terms of the largest aggregate level of misstatements that could be material to any one of the financial statements
