On the Basis of Audit Evidence Gathered and Evaluated,an Auditor

question 26

Multiple Choice

On the basis of audit evidence gathered and evaluated,an auditor decides to increase the assessed level of control risk from that originally planned.To achieve an overall audit risk level that is substantially the same as the planned audit risk level,the auditor would

• A)decrease substantive testing.
• B)decrease detection testing.
• C)increase inherent risk.
• D)increase materiality.

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Definitions:

Predation

The preying of one animal on others, a biological interaction where a predator feeds on its prey.

Cichlids

A diverse family of freshwater fish known for their complex behaviors and varied colors and shapes.

Killifish

Small, colorful freshwater fish belonging to the family Cyprinodontiformes, known for their diverse habitats and as model organisms in scientific research.

Exponential Growth

A growth pattern in which the rate of growth is proportional to the current quantity, leading to faster and faster growth as time progresses.