AUD MCQ 4.4 Flashcards

1
Q

During the final review stage of audit What is the ratio auditor will focus on

A

Total debts/total assets

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Dollar amount of the error

A

Quantitative standard

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Qualitative error

A

The effect of misclassifications. The cost of correction. The significance of misstatement relative to the needs of users

How well did you know this?
1
Not at all
2
3
4
5
Perfectly