Use of Auditor Judgment or of a Risk Matrix Is

question 13

Multiple Choice

Use of auditor judgment or of a risk matrix is necessary in revising planned detection risk whenever:

• A) risk assessments are not quantified.
• B) assessed control risk at the account balance level does not support the planned level of control risk.
• C) control risk is assessed above the minimum.
• D) control risk is assessed below the maximum.
• E) tests of controls reveal substantial deviations from prescribed policies.

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Definitions:

Tax Purposes

For Tax Purposes means considerations related to calculating tax liabilities and filing tax returns as required by law.