When Planning the Audit,the Auditor's Decision on the Appropriate Assessed

question 24

Multiple Choice

When planning the audit,the auditor's decision on the appropriate assessed level of control risk to use is

• A)an economic issue,trading off the costs of testing controls against the cost of testing balances.
• B)calculated by using the audit risk model.
• C)calculated by using a standard formula.
• D)determined by using actuarial tables.

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Definitions:

Subdatasheet

A feature in some database applications allowing a nested table to be displayed within a main table for related records.

Related Table

In databases, a table that is connected to another table through a common field, enabling relational data management.

Referential Integrity

A concept in relational databases ensuring that relationships between tables remain consistent, typically enforced through the use of foreign keys.

Subdatasheet

A feature in databases that allows a user to view and edit related data from another table or query embedded within the main table.