When the Auditor Identifies Risk at the Assertion Level

question 136

Multiple Choice

When the auditor identifies risk at the assertion level,

• A) the auditor may need to obtain audit evidence that is more reliable and relevant.
• B) the auditor may choose to conduct substantive testing during interim periods rather than at the end of the period.
• C) the auditor may decrease the sample size.
• D) both a and b

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Definitions:

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, specifically the arrangement of words and phrases.

Symbolic Form

Expressions or objects that carry specific meanings within a culture or context, representing ideas or concepts beyond their literal sense.

One-Way Communication

One-Way Communication is the transmission of information from the sender to the receiver without expecting or getting any response or feedback.

Mitigating Circumstances

Circumstances that decrease the severity of a situation or a fault, often considered in legal and disciplinary contexts to reduce penalties.