Why do auditors concentrate their efforts on material items in accounts??

Audit Mcqs
BILAL KHATTAK0

A. Because they are easier to audit
B. Because it reduces the audit time 
C. Because the risk to the accounts of their being incorrectly stated is greater 
D. Because the directors have asked for it

Related Mcqs:

  1. A chart of accounts generally start with which of the following types of accounts??
  2. Which of the following accounts are closed at the end of an accounting period??
  3. Which of the following describes sampling risk??
  4. Concentrate water saving efforts with:
  5. Which of the following is correct in relation to materiality??
  6. Audit risk is composed of 3 factors. Which of the following is NOT one of those factors??
  7. Audit in depth is synonymous for____________??
  8. Analytical procedures issued in the planning stage of an audit, generally?
  9. Which of the following best describes the primary purpose of audit programme preparation??
  10. _______________refers to the extent to which fixed-income securities (debt and preferred stock) are used in a firm’s capital structure??

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