When the Audit Team Increases the Planned Assessed Level of Control

question 64

Multiple Choice

When the audit team increases the planned assessed level of control risk because certain control activities were determined to be ineffective, the audit team would most likely increase the:

• A)extent of substantive tests of details.
• B)level of inherent risk.
• C)extent of tests of controls.
• D)level of detection risk.

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Definitions:

Employment Services

Organizations or agencies that help individuals find jobs or careers, and may also assist employers in finding qualified employees.

Marketing

The process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Density

In a general context, it refers to the measure of mass per unit volume; in marketing, it may relate to the saturation of advertisements or products in a market area.

Geographical Area

A specific part of the earth's surface defined by natural or artificial boundaries.