ISA 330 The auditor’s response to assessed risks MCQs
The objective of ISA 330 is to gather adequate appropriate audit evidence about assessed risks of material misstatement, by designing and putting in place
The objective of ISA 330 is to gather adequate appropriate audit evidence about assessed risks of material misstatement, by designing and putting in place
ISA 320 states that, assessing what is or is not material is a matter of professional judgement, in this context auditors are entitled to assume that users
ISA 315 states that the objective of the auditor is to identify and assess the risk of material misstatement, whether due to fraud or error
The objective of the auditor, per ISA 300 Planning an audit of financial statements is to plan the audit work so that the audit will be performed
ISA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management requires the auditor to Communicate any deficiencies
Matters that should be reported to those charged with governance include, The auditor’s responsibilities in relation to the financial statements audit
Non-compliance means acts of omission or commission intentional or unintentional, committed by the entity, which are contrary to the prevailing laws
It is particularly important in relation to fraud that the auditor maintains an attitude of professional scepticism as required by ISA 200