1.7 Which element of enhanced auditor reports most likely provides insight into the auditor's assessment of the company's financial controls? (课后题#8)
A. Key audit matters
B. Scope of the audit C. Performance materiality
Correct Answer: C
The auditor's assessment of the company's financial controls is implied by the magnitude of the discount from materiality used in the auditor's calculation of performance materiality. Larger discounts can signal that the company's financial controls have room for improvement.
