The point where the total value of errors in an account becomes unacceptable to audit is called

Related MCQs

• Financial (attest) audit includes: i Examination and evaluaion of financial records ii Audit of financial systems and transactions iii Audit of intenal control and internal audit functions iv Evaluation of Compliance with applicable statutes and regulations
• AMLE in the context of likely errors is used in this stage of audit
• Financial (attest) audit is primarily concerned with expression of audit opinion on a set of financial statements.
• what are the audit procedures commonly used to obtain audit assurance?
• Instructions to audit team members on the performance of chosen audit procedures are contained in the
• Which of these is the correct set of general financial audit objectives for income & expenditure account
• The audit of financial statements of Government Companies conducted by the C&AG is called
• The general audit objectives are also called
• The document that presents an analysis of the main audit areas and a summary of the key planning decisions is called
• Policies, systems and procedures established by Comptroller and Auditor General to maintain a high standard of audit activity are also called