A High Detection Risk Strategy Includes All of the Following

question 96

Multiple Choice

A high detection risk strategy includes all of the following except:

• A) Interim testing.
• B) Reduced testing of transactions.
• C) Heavy reliance on analytical procedures as substantive procedures.
• D) Audit work only completed at year-end.

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Definitions:

High-Risk Situations

Circumstances or environments that have a greater likelihood of leading to harm or negative outcomes.

Behavioral and Cognitive

Pertaining to the psychological approaches that focus on altering negative behaviors and thought patterns.

Avoidance

A behavioral or psychological strategy of keeping away from certain situations, thoughts, or feelings that cause distress.

Approach

A method or way of dealing with a problem or task.