Which would not normally be a factor

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Reference no: EM132775438

Problem 1. In determining the sufficiency of evidential matter, which of the following would not normally be a factor?

A. Cost/benefit considerations C. The sampling technique used

B. Audit Risk D. Materiality of the account

Problem 2. According to PSA 500 (revised), which of the following is not true of audit evidence?

A. Audit evidence may be obtained entirely from substantive tests.

B. The appropriateness of the audit evidence is the measure of both the quantity and quality of audit evidence.

C. Audit evidence is obtained from the appropriate mix of tests of controls and substantive procedures.

D. Substantive procedures mean tests performed to obtain audit evidence to detect material misstatements in the financial statements.

Reference no: EM132775438

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