On the Basis of Audit Evidence Gathered,an Auditor Decides to Increase

question 23

Essay

On the basis of audit evidence gathered,an auditor decides to increase the assessed level of control risk from that originally planned.To achieve an overall audit risk level that is substantially the same as the planned audit risk level,the auditor would need to adjust detection risk.a.Explain the audit evidence gathered that led the auditor to the conclusion that control risk must be increased and why the auditor evaluated the evidence in the manner described in the problem.b.Assume that control risk went from .50 to .70,inherent risk is 1.0,and audit risk is .05.Explain the impact of the decision to adjust control risk on the calculation of detection risk.

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Definitions:

Teasing

The act of playfully or mockingly disturbing or provoking someone with remarks, questions, or actions.

Public Library

A community-funded institution that provides access to books, digital resources, and other educational materials to the public free of charge.

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus strengthens a behavior or makes it more likely to occur.

Aspirin

A medication used to reduce pain, fever, or inflammation.