Which of the following least likely limits the
auditor’s ability to detect material
misstatement?
a. The inherent limitations of any
accounting and internal control system.
b. Most audit evidences are conclusive
rather than being persuasive.
c. Audit is based on testing
d. Audit procedures that are effective in
detecting ordinary misstatements are
ineffective in detecting intentional
misstatements
auditor’s ability to detect material
misstatement?
a. The inherent limitations of any
accounting and internal control system.
b. Most audit evidences are conclusive
rather than being persuasive.
c. Audit is based on testing
d. Audit procedures that are effective in
detecting ordinary misstatements are
ineffective in detecting intentional
misstatements