As the Acceptable Level of Detection Risk Decreases, an Auditor

question 23

Multiple Choice

As the acceptable level of detection risk decreases, an auditor may change the:

• A) timing of substantive tests by performing them at an interim date rather than at year-end.
• B) nature of substantive tests from less effective to more effective procedures.
• C) timing of tests of controls by performing them at several dates rather than at one time.
• D) assessed level of inherent risk to a higher amount.

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Definitions:

Macro

A set of instructions that automate tasks within software programs, enabling repetitive or complex operations to be executed with a single command or button press.

Photo Album Dialog Box

A user interface element allowing the creation and organization of digital photo albums in software applications.

Speakers Notes

Notes prepared for a speaker to refer to during a presentation, often outlining key points or statistics.

Notes Button

A user interface element that allows the user to create, view, or manage notes within an application.