In Practice,auditors Rarely Assign Numerical Probabilities to Inherent Risk,control Risk,or

question 41

Essay

In practice,auditors rarely assign numerical probabilities to inherent risk,control risk,or acceptable audit risk.It is more common to assess these risks as high,medium,or low.For each of the four situations below,fill in the blanks for detection risk and the amount of evidence you would plan to gather ("planned evidence")using the terms high,medium,or low.
SITUATION

---

Definitions:

Passive Voice

A grammatical voice where the subject of the sentence is acted upon by the verb.

Slide Sorter

A feature in presentation software that displays thumbnail versions of slides for easy organization and navigation.

Visual Appeal

The attractiveness or aesthetic value of something, determined by its visual elements like color, layout, and design.

Visuals

Graphic elements such as images, videos, or diagrams used to complement text or convey information.