A material but not fundamental uncertainty would lead to

Related MCQs

• A fundamental disagreement would lead to
• These are performed if the audit team has not identified risks that could lead to material misstatement and no reliance is planned to be placed on controls.
• These are performed if the audit team identifies a risk that could lead to potential material misstatement and where no reliance can be placed on mitigating controls to address the risk
• Risks of financial irregularity are always material for the purpose of qualifying audit opinion on the finanicial statements
• The process for identifying material risk factors has ____ key stages
• For accounts prepared on cash basis, in respect of gross receipts/expenditure, materiality percentage would be
• If the desired overall assurance from audit is 95%, the inherent risk is 40% and the control risk is 50%, what would be the desired assurance from substantive tests
• Insurance relating to the year 2013-14 was paid in 2012-13 in advance. The same was however booked as expenditure in 2012-13. This does not meet the objective of
• If some item of revenue expenditure is misclassified as capital expenditure, it can be said that this objective is not met
• Which of the following is not a part of analytical procedures?