Which of the Following Statements Regarding Detection Risk Is True

question 3

Multiple Choice

Which of the following statements regarding detection risk is true?

• A)Detection risk incorporates both substantive analytical procedures and tests of details.
• B)Detection risk provides guidance to the auditor on the substantive audit procedures needed to achieve the desired audit risk.
• C)A low level of detection risk means the auditor needs to obtain more evidence from substantive procedures.
• D)All of the above.

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Definitions:

Neurons

Specialized cells in the nervous system that transmit information through electrical and chemical signals.

Smell Perception

Smell perception, or olfaction, is the process by which the brain interprets odors, involving the detection of chemical molecules in the air by the olfactory system.

Nucleus Accumbens

A region in the brain associated with the reward circuit, playing key roles in motivation, pleasure, and reinforcement learning.

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.