Discuss the Four Factors That Affect the Auditor's Acceptable Risk

question 63

Essay

Discuss the four factors that affect the auditor's acceptable risk of incorrect acceptance (ARIA).

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Definitions:

Principle

A principle is a fundamental truth, rule, or belief that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

Immediate Reinforcement

Immediate reinforcement refers to the prompt delivery of a reward or punishment following a behavior, which strengthens the association between the behavior and its consequence.

Contingent Reinforcement

A strategy where rewards or punishments are given based on the performance of specific behaviors.

Long-Term Suppression

refers to the prolonged effort to inhibit or restrain a response, emotion, or thought, over an extended period.