Because Control Risk and Inherent Risk Vary from Cycle to Cycle,account

question 19

Multiple Choice

Because control risk and inherent risk vary from cycle to cycle,account to account,or objective to objective,

• A)acceptable audit risk must also change.
• B)planned detection risk and required audit evidence will also vary.
• C)planned detection risk will vary but audit evidence will remain constant.
• D)planned detection risk will remain constant but audit evidence will vary.

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Definitions:

Licensed Investigator

A professional investigator who has obtained the necessary license to conduct investigations, often related to legal matters.

Public Records

Documents or pieces of information that are not considered confidential and are maintained by the government or public entities, accessible by the general public.

Community Reputation

The collective evaluation or perception of an individual's or organization's character within a community or social network.

Credibility

The quality or power of inspiring belief; an important aspect in legal, academic, and personal contexts where truthfulness and reliability are critical.