If Tests of Controls Support the Control Risk Assessment, Then

question 80

Multiple Choice

If tests of controls support the control risk assessment, then ________ in the audit risk model is increased.

• A) planned detection risk
• B) planned inherent risk
• C) planned fraud risk
• D) planned assurance risk

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Definitions:

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.

Boiling Point

The temperature at which a liquid's vapor pressure equals the external pressure surrounding it, causing the liquid to rapidly vaporize.

Kerosene Components

Kerosene components refer to the mixture of hydrocarbons derived from petroleum, used primarily as fuel in heating and aircraft engines.