ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 123

1. An auditor who audits a business cycle that has low inherent
risk should:
2. The preliminary judgment about materiality and the amount of
audit evidence accumulated are ________ related.
3. Auditors are responsible for determining whether financial
statements are materially misstated, so upon discovering a material
misstatement they must bring it to the attention of:
4. As the acceptable level of detection risk increases, an auditor
may change the:
5. The scope paragraph of the standard unqualified auditor's report
states that "… the standards require that we plan and perform the
audit to obtain ________ assurance about whether the financial
statements are free of material misstatement." What type of assurance
is given?
6. A five-step approach can be used to identify deficiencies,
significant deficiencies, and material weaknesses. The first step in this
approach is: