As the Acceptable Level of Detection Risk Decreases, the Assurance

question 5

Multiple Choice

As the acceptable level of detection risk decreases, the assurance directly provided from:

• A)substantive procedures should increase.
• B)substantive procedures should decrease.
• C)tests of controls should increase.
• D)tests of controls should decrease.

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Definitions:

Proofread

The process of reviewing written text to correct grammatical, typographical, or stylistic errors.

Clarity

The quality of being clear, understandable, and precise in expression or presentation.

Goodwill

The intangible asset that represents the value of a company's brand, customer relationships, and positive reputation.

Documentation

The capture, recording, and maintenance of documents or records that provide evidence or information pertaining to a specific topic or activity.