As the Acceptable Level of Detection Risk Decreases, an Auditor

question 49

Multiple Choice

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

• A)substantive tests of details to substantive analytical procedures.
• B)nature of substantive tests from less effective to more effective procedures.
• C)number of tests of controls.
• D)assessed level of inherent risk to a higher amount.

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Definitions:

Transnationalism

The process of transcending traditional boundaries and operating or extending across national borders, often used in reference to corporations, migrations, or cultural exchanges.

Large States

Political entities that cover a significant geographical area, often characterized by a large population, economic power, and considerable influence.

Macro Level

Refers to a wide-scale approach or perspective, often considering entire systems or societies rather than individual components or behaviors.

World Power

A nation or state that holds significant global influence, either economically, militarily, or politically.