When the Auditor Has Properly Planned and Performed the Audit

question 7

Multiple Choice

When the auditor has properly planned and performed the audit to reduce risk to an acceptably low level that is consistent with the objective of the audit,this means that the auditor has conducted enough work to

• A)reduce inherent risks to an acceptable level.
• B)increase detection risk to a satisfactory level.
• C)detect errors in internal controls so that control risk can be set higher.
• D)detect material misstatements to the targeted level of assurance.

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Definitions:

Culture

The customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Human Development

The multidimensional process of physical, cognitive, and social growth and change throughout a person's lifespan.

Plasticity

refers to the brain's capacity to change and adapt as a result of experience or learning.

Capacity For Change

The potential or ability of individuals or organizations to alter behaviors, processes, or systems in response to changing circumstances or new information.