Question #73213
Why do auditors concentrate their efforts on material items in accounts?
Options:
Answer:
Why do auditors concentrate their efforts on material items in accounts Because the risk to the accounts of their being incorrectly stated is greater.
Question Screenshot
Auditing Related Questions
-
Q1.____________ is a systematic examination of the books and records or a business?
-
Q2.The term ‘Audit’ is derived from a Latin word “audire” which means___________?
-
Q3.The main object of an audit is _____________?
-
Q4.An auditor is like a_______________?
-
Q5.Process of verifying the documentary evidences of transactions are known as___________?
-
Q6.Auditing is compulsory for____________?
-
Q7.Concealment of shortage by delaying the recording of cash receipts is known as_____________?
-
Q8.The fundamental objective of the audit of a company is to_____________?
-
Q9.The concept of stewardship means that a company’s directors________________?
-
Q10.Which of the following is NOT the responsibility of a company’s directors?
Category
Test Your Knowledge
Want to practice more questions like this? Take a quiz in this category!
Take a Quiz