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

question 182

Multiple Choice

On the basis of audit evidence gathered and evaluated, an auditor decides to increase the assessed level of control risk, and therefore the risk of material misstatement, 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) Increase inherent risk.
• B) Increase materiality levels.
• C) Decrease substantive testing.
• D) Decrease detection risk.

---

Definitions:

Holistic Health

An approach to well-being that considers the whole person, integrating physical, mental, and spiritual aspects of health.

Mind, Body, Spirit

A holistic approach to health that emphasizes the interconnection and balance between the mental, physical, and spiritual aspects of an individual.

Closed System

A physical system that does not exchange matter with its surroundings, though it may exchange energy.

Multiple Injuries

The occurrence of more than one injury in an individual, often resulting from accidents or violence, which may complicate treatment and recovery.