Which of the following is an important subjective consideration when deciding th

Question

    Which of the following is an important subjective consideration when deciding the nature of tests to use in a financial statement audit?

a.        Tests of details typically provide a low level of assurance.

b.       Analytical procedures are inefficient means of obtaining assurance.

c.        The procedures to be applied on a particular engagement are a matter of the auditor's professional judgment.

d.       The use of tests of controls should be considered without regard to the level of assurance required.

Explanation / Answer

d.       The use of tests of controls should be considered without regard to the level of assurance required.

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