________ the audit risks _________ the materiality and _______ the audit effort
Lower audit risks imply that the auditor is more confident that the financial statements are free from material misstatements. Higher materiality means that the auditor sets a higher threshold for what is considered a material misstatement, which means smaller errors are considered immaterial. Lower audit effort is required when the auditor has lower risks and higher materiality, as they need to perform fewer procedures to achieve their audit objectives.
Which bank has launched its virtual branch, which will deliver a unique experience of banking to existing and new customers who can now explore the bank...
NPCI International Payments Limited (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), has entered into a strategic...
Which Force celebrated ‘Jashn-e-Chillai-Kalan’ with students in Srinagar?
Who among the following was elected as the President of Veterinary Council of India in January 2021?
Which country is going to host Chess Olympiad 2026?
Which of the following Indian women is not listed in the Forbes 100 Most Powerful Women 2021 list?
The government has launched a platform to empower India’s medical technology innovators,reduce the country’s dependence on imported medical devices ...
Barbados is the newest republic recently formed, identify the capital of Barbados?
In which of the following years was the Planning Commission of India set up?
The Indian government has issued a USD ___________ billion line of credit (LoC) for Sri Lanka to aid in the import of food, necessary products, and medi...
