Which of the following factors does an auditor usually need to consider in planning a particular audit sample for a test of control?
What are the factors to be considered during audit planning?Audit Plan
The planned nature, timing, and extent of the risk assessment procedures; The planned nature, timing, and extent of tests of controls and substantive procedures;12 and. Other planned audit procedures required to be performed so that the engagement complies with PCAOB standards.
What are the 5 factors to consider when planning an audit sample?Factors Affecting Audit Planning
Size of the company and nature of its operations. Accounting system, internal control and adherence to standard. Environment in which the company operates. Knowledge of client's business.
What are the factors to be considered by the auditor when determining the need to use work of an expert?The competence, capabilities and objectivity of an auditor's expert are factors that significantly affect whether the work of the auditor's expert will be adequate for the auditor's purposes.
Which of the following factors is are considered in determining the sample size for a test of controls?In determining the sample size for a test of controls, an auditor should consider the likely rate of deviations, the allowable risk of assessing control risk too low, and the: tolerable deviation rate.
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