When an Auditor Increases the Planned Assessed Level of Control

question 50

Multiple Choice

When an auditor increases the planned assessed level of control risk because certain control activities were determined to be ineffective, the auditor would most likely increase the:

• A)extent of substantive tests of details.
• B)level of inherent risk.
• C)extent of tests of controls.
• D)level of detection risk.

Comprehend the basics of moving or copying cells with drag and drop techniques.

Learn to properly use cell alignment and positioning to organize data within cells.

Recognize the importance of using cell references in formulas for dynamic data manipulation.

Familiarize with Excel's formatting tools, including text orientation and indent functions.

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Definitions:

Service Life

The expected period or duration a product or component is usable under normal or specified conditions before it needs replacement or repair.

Release Bearing

A bearing in a vehicle's clutch system that disengages the clutch from the spinning engine.

Clutch Cover

The protective cover for the clutch assembly in vehicles, which helps to engage and disengage the engine from the drivetrain.

No Clutch Brake

Refers to a transmission design that does not incorporate a clutch pedal for the brake mechanism, often found in automatic or semi-automatic vehicles.