Judgment – NBC Institute

AA – Nov 2017 – L2 – Q3a – Audit and Assurance Risk Environment

Describe four factors affecting judgment about materiality in an audit context.

Question

Anaba Sampson is an audit assistant at Global Accountants, a firm of Chartered Accountants. During the audit of a client’s account, for the year ended 31 December 2011, Anaba detected an error amounting to GH¢10.00 in respect to each interest payment, which recurred multiple times. The Chief Accountant advised Anaba not to request any adjustment entry, claiming the errors were insignificant. The company had 3,000 deposit accounts, and interest was paid half-yearly.

Required:
i) Describe four factors affecting judgment about materiality.

ii) Discuss the advice of the Chief Accountant.

Answer

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Tags: Audit evidence, Audit Risk, Financial Reporting, Judgment, Materiality
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2017

AA – Nov 2016 – L2 – Q4a – Audit and Assurance Evidence

List and explain factors that influence the auditor’s judgment on the sufficiency of audit evidence.

Question

List and explain FOUR factors that will influence the auditor’s judgment regarding the sufficiency of the evidence obtained.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit evidence, Judgment, Sufficiency
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2016

AA – Nov 2017 – L2 – Q3a – Audit and Assurance Risk Environment

Describe four factors affecting judgment about materiality in an audit context.

Question

Required:
i) Describe four factors affecting judgment about materiality.

ii) Discuss the advice of the Chief Accountant.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit evidence, Audit Risk, Financial Reporting, Judgment, Materiality
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2017

AA – Nov 2016 – L2 – Q4a – Audit and Assurance Evidence

List and explain factors that influence the auditor’s judgment on the sufficiency of audit evidence.

Question

List and explain FOUR factors that will influence the auditor’s judgment regarding the sufficiency of the evidence obtained.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit evidence, Judgment, Sufficiency
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2016

Question Tag: Judgment

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AA – Nov 2017 – L2 – Q3a – Audit and Assurance Risk Environment

Describe four factors affecting judgment about materiality in an audit context.

AA – Nov 2016 – L2 – Q4a – Audit and Assurance Evidence

List and explain factors that influence the auditor’s judgment on the sufficiency of audit evidence.

AA – Nov 2017 – L2 – Q3a – Audit and Assurance Risk Environment

Describe four factors affecting judgment about materiality in an audit context.

AA – Nov 2016 – L2 – Q4a – Audit and Assurance Evidence

List and explain factors that influence the auditor’s judgment on the sufficiency of audit evidence.

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Question Tag: Judgment

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AA – Nov 2017 – L2 – Q3a – Audit and Assurance Risk Environment

Describe four factors affecting judgment about materiality in an audit context.

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AA – Nov 2016 – L2 – Q4a – Audit and Assurance Evidence

List and explain factors that influence the auditor’s judgment on the sufficiency of audit evidence.

You're reporting an error for "AA – Nov 2016 – L2 – Q4a – Audit and Assurance Evidence"

AA – Nov 2017 – L2 – Q3a – Audit and Assurance Risk Environment

Describe four factors affecting judgment about materiality in an audit context.

You're reporting an error for "AA – Nov 2017 – L2 – Q3a – Audit and Assurance Risk Environment"

AA – Nov 2016 – L2 – Q4a – Audit and Assurance Evidence

List and explain factors that influence the auditor’s judgment on the sufficiency of audit evidence.

You're reporting an error for "AA – Nov 2016 – L2 – Q4a – Audit and Assurance Evidence"

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