Detection Risk Is Affected by Which Aspects of Substantive Audit

question 46

Multiple Choice

Detection risk is affected by which aspects of substantive audit procedures?

• A)Nature.
• B)Timing.
• C)Extent.
• D)All of the above.

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Definitions:

Accurately Describe

To represent or convey something in a manner that is precise, correct, and free from error or distortion.

Group Assessment

The process of evaluating the abilities, performances, or needs of a group of individuals rather than individuals separately.

Resource Intensive

Describes processes or activities that require a large amount of resources, such as time, money, or manpower, to be executed effectively.

Valid

An attribute of a test or measurement indicating that it accurately measures or assesses what it is intended to.