1 answer

Which of the following is  least likely to be a factor that might indicate to an auditor...

Question:

Which of the following is  least likely to be a factor that might indicate to an auditor that an identified risk of misstatement requires special audit consideration?

The rate of technological change is moderate in the industry.

Various subjective methods of application of a key accounting policy exist.

Complex calculations are involved.

The potential for fraud seems high.


Answers

Option '1' is correct

The rate of technological change in the industry, is least likely to be a factor that might indicate to an auditor that an identified risk of misstatement requires special audit consideration.

where as, complex calculations, potential for fraud seems high, various subjective methods of application of a key accounting policy exist are factors which might require a special audit.

.

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