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Audit Quiz (Risk, Testing, Terms)

The nature, timing and extent of substantive procedures is related to assessed level of control risk

Which of the following factors is most important in determining the appropriations of audit evidence?

When is evidential matter, generally, considered sufficient?

Which of the following is not a corroborative evidence?

Which of the following statements is not true with respect to management representations obtained as per AAS11?

What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?

Which of the following affects audit effectiveness?

What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing?

Which of the following Auditing Assurance Standard deals with Audit Planning?AAS-7

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