While Performing a Substantive Test of Details During an Audit

question 56

Multiple Choice

While performing a substantive test of details during an audit, the auditor determined that the sample results supported the conclusion that the recorded account balance was materially misstated. Which of the following is the least likely auditor reaction to this discovery?

• A) perform expanded audit tests in the relevant areas
• B) increase detection risk in the relevant areas
• C) increase the sample size
• D) take no action until tests of other audit areas are completed

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Definitions:

Prosumer

A portmanteau of producer and consumer, indicating individuals who produce some of the goods and services entering their consumption.

Consumer

An individual who purchases goods and services for personal use from the available offerings in the market.

Deterritorialization

A concept in socio-cultural studies that refers to the weakening of the ties between culture and geographical location, often as a result of globalization.

Machinic Assemblage

A concept from Deleuze and Guattari referring to a complex arrangement of interconnected entities or machines, both literal and metaphorical, that produce desire or social order.