help explain why these answers are correct in full detail
in testing the existence assertion for an asset, an auditor ordinarily works from the
accounting records to the supporting evidence
auditors should design the written audit plan so that
the audit procedures selected will achieve specific audit objectives
an auditor assesses the risk of material misstatement because it
affects the level of detection risk that the auditor may accept
the acceptable level of detection risk is inversely related to the
assurance provided by substantive tests
in the planning stage, analytical procedures are used to
identify potential problem areas
when an auditor increases the planned assessed level of control risk because certain control activities were determined to be ineffective, the auditor would most likely increase the
extent of substantive tests of details
