Why is a 100% audit not possible for some companies? A. Some companies are too large B. People are dishonest  C. Some companies have incomplete data D. None of these answer

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter14: Completing A Quality Audit
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Why is a 100% audit not possible for some companies?

A. Some companies are too large

B. People are dishonest 

C. Some companies have incomplete data

D. None of these answer

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What is one major difference between a compilation and a review?

A. CPA conducting a review must be independent 

B. Anyone in the company can complete a review 

C. Skills used in compilations do not transfer to other professions

D. A compilation is complete by a CPA

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