Because Control Risk and Inherent Risk Vary from Cycle to Cycle

question 93

Multiple Choice

Because control risk and inherent risk vary from cycle to cycle, account to account, or objective to objective:

• A) detection risk will vary, but audit evidence will remain constant.
• B) detection risk and required audit evidence will also vary.
• C) acceptable audit risk must remain a constant.
• D) detection risk will remain constant, but audit evidence will vary.

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Definitions:

Incipient Stage

The initial stage of a process, development, or phenomenon, where changes begin to become noticeable but are not yet fully formed.

Armand Mauss

A sociologist known for his work on religion, social issues, and the sociology of Mormonism.

Social Movement

Any social group with leadership, organization, and an ideological commitment to promote or resist social change.

Armand Mauss

An American sociologist best known for his research and scholarly work related to the sociology of religion, particularly Mormonism.