Under the Audit Risk Approach Which of the Following Is

question 81

Multiple Choice

Under the audit risk approach which of the following is not a method used by the auditor to manage detection and audit risk?

• A)Adjusting audit staffing to reflect the risk associated with the client.
• B)Developing direct tests of account balances consistent with the detection risk.
• C)Anticipating potential misstatements or accounting problems likely to be associated with account balances.
• D)Adjusting the timing of audit tests to maximize overall audit risk.

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Definitions:

Disadvantage

A condition or situation that causes someone to be less successful or to have fewer opportunities than others.

Early Civilizations

Societies characterized by the development of cities, writing, agriculture, and complex societal hierarchies, marking a significant shift in human history.

Human Culture

The sum total of ways of living built up by a group of human beings and transmitted from one generation to another, including customs, practices, languages, beliefs, and artifacts.

Steward

An individual responsible for managing or looking after another's property, organization, or resources, showing care and foresight in their guardianship.