The auditor obtains an understanding of the entity and its environment by performing all of the following assessment procedures except:
A) Inquiries of management and others.
B) Compute the level of detection risk.
C) Analytical procedures.
D) Observation and inspections.
Answer: B) Compute the level of detection risk.
Business
You might also like to view...
One CEO demands a great deal of compensation while another CEO is happy with much less. For some, JD says. the different might be ____.
a. cultural b. biological c. age d. experience e. character
Business
You and your spouse have decided to incorporate bonds into your newly-formed retirement portfolio. You will most likely purchase them
A) directly from a bond dealer. B) with your broker acting as intermediary. C) directly from the issuing institution. D) with an underwriter acting as intermediary.
Business