Question
________ the audit risks ________ the materiality and
________ the audit effortSolution
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.
In which country is the Wimbledon tennis competition organized?
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Kerala has signed an MoU with which of the following European countries to study state history in a better way?
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Recently the Chief Minister of West Bengal, Smt Mamta Banerjee has announced how many new districts in the state to make the total of 30 districts.
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Who among the following was not the Chief Minister of Uttar Pradesh?
Which institution is primarily responsible for issuing Kisan Credit Cards?
The first Music College that was established for music education in U.P. was :
