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When designing further audit procedures, "Nature, Timing and Extent" (NTE) of procedures depends on:
AAssessed RoMM at assertion level
BAudit fee only
CThe colour of working papers
DThe audit firm's logo
Answer & Solution
Correct answer: B. Audit fee only
1. SA 330 directly links NTE of procedures to RoMM at assertion level.
2. Higher RoMM → more reliable nature, closer to year-end, larger extent.
3. Fees and cosmetics are unrelated.
_Source: ICAI BoS CA Final Paper 3, Ch 3 "Risk Assessment and Internal Control"_
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