Which statement is incorrect regarding
procedures and evidence obtained in a
review engagement?
a. The auditor should apply judgment in
determining the specific nature, timing
and extent of review procedures.
b. The auditor should apply the same
materiality considerations as would be
applied if an audit opinion on the
financial statements were being given.
c. There is a greater risk that
misstatements will not be detected
in an audit than in a review.
d. The judgment as to what is material is
made by reference to the information on
which the auditor is reporting and the
needs of those relying on that
information, not to the level of assurance
provided
procedures and evidence obtained in a
review engagement?
a. The auditor should apply judgment in
determining the specific nature, timing
and extent of review procedures.
b. The auditor should apply the same
materiality considerations as would be
applied if an audit opinion on the
financial statements were being given.
c. There is a greater risk that
misstatements will not be detected
in an audit than in a review.
d. The judgment as to what is material is
made by reference to the information on
which the auditor is reporting and the
needs of those relying on that
information, not to the level of assurance
provided