An Auditor Has Computed the Revised Level of Detection Risk

question 81

Multiple Choice

An auditor has computed the revised level of detection risk by direct use of the audit risk model. This means that the auditor must have:

• A) assessed control risk at the maximum.
• B) used a flowchart to document the understanding of the complete internal control structure.
• C) used the primarily substantive approach in planning the audit.
• D) quantified all the relevant risk assessments.
• E) assessed detection risk at the minimum.

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Definitions:

Acetylcholine

A neurotransmitter involved in many functions including muscle movement, heart rate, memory, and the modulation of sleep cycles.

Cerebral Cortex

The outer layer of the brain's cerebral hemispheres, involved in complex functions including sensory perception, thought, language, and consciousness.

Dissociative Identity Disorder

A severe form of dissociation, a mental process which produces a lack of connection in a person's thoughts, memory, and sense of identity, formerly known as multiple personality disorder.

Altered State

A condition of consciousness distinctly different from normal waking consciousness, often brought about by drugs, meditation, hypnosis, or extreme stress.