Question

test checking reduces the 1) powers of auditor 2) expenses of audit 3) work of an auditor 4) liability of an auditor

Answer 1

Answer:

The auditor's responsibility is to express an opinion on whether management has fairly presented the information in the financial statements. To do so, the auditor collects evidence to obtain reasonable assurance that the accounts are free of material misstatement

Answer 2

3) work of an auditor is an appropriate answer.

Explanation:

• Test checking reduces the extent of labor of the auditor, if in take a look at checking, the auditor reveals that the statistics checked through him are accurate then no further distinctive checking is carried out.
• Test take a look at the need to be so devised that a considerable part of the paintings performed through every worker is checked.
• The auditor needs to recollect his beyond stories in choosing the character and length of the samples for checking.

Test checking:

• Test checking is a method of choosing and checking some transactions from a massive extent of transactions.
• If the entries checked are located to be accurate then the auditor assumes that the final entries also are correct.

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