Revision of the Planned Level of Detection Risk Will Be

question 65

Multiple Choice

Revision of the planned level of detection risk will be necessary whenever:

• A) accounts are affected by more than one transaction class.
• B) the multiple control risk assessments for the same account balance assertion differ.
• C) the lower assessed control risk approach is used.
• D) the final assessed control risk does not support the planned level.
• E) the final assessed control risk is not the same as the actual level.

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Definitions:

Physical

Relating to the body as opposed to the mind or emotions, or relating to material things rather than spiritual ones.

Verbal

Pertaining to words and language, either spoken or written, as a form of communication.

Employee Assistance Programs (EAPs)

Company-sponsored programs that treat employees with substance abuse problems, marriage and family conflicts, and financial difficulties.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.