As the Acceptable Level of Detection Risk Decreases,the Assurance Directly

question 43

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:

Trial-and-Error

A technique for resolving issues that entails persistent, diverse efforts, persisted with until a successful outcome is achieved or the individual ceases to make attempts.

Probability Distribution

A mathematical function that describes the likelihood of different outcomes in a random event.

Trial-and-Error

A problem-solving method involving repeated, varied attempts which are continued until success, or until the agent stops trying.

Transferable Inferences

The logical deductions that can be applied from one context to another, fostering learning and understanding across different situations.