As the Acceptable Level of Detection Risk Increases, an Auditor

question 1

Multiple Choice

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

• A)timing of substantive tests by performing them at an interim date rather than year end.
• B)timing of the tests on controls by performing them throughout the year rather than at one time.
• C)assess the level of inherent risk to a lower amount.
• D)increase the sample size to achieve a more effective test.

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Definitions:

Intelligence Test

An assessment tool designed to measure a person's intellectual abilities and potential.

Multiple Intelligence

The theory that suggests human intelligence is composed of a variety of distinct abilities rather than a single cognitive capacity.

Howard Gardner

Renowned for his theory of multiple intelligences, proposing that people possess various types of cognitive strengths.

Analytical Intelligence

An aspect of intelligence involving the ability to analyze, evaluate, judge, or compare and contrast information.