By Setting High Detection Risk, an Auditor Will

question 20

Multiple Choice

By setting high detection risk, an auditor will

• A) eliminate the possibility that fraud will be detected.
• B) reduce the level of reliance placed on their detailed substantive procedures.
• C) increase the level of reliance placed on their detailed substantive procedures.
• D) reduce the level of testing of the client's internal control system.

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Definitions:

Previous Results

Previous results refer to the outcomes or findings obtained from earlier conducted research or experiments that are often used as a basis for further study.

Low Return Rate

Refers to the proportion of goods returned to the seller being relatively small compared to the quantity sold, often seen in retail and e-commerce sectors.

Generalizable

The extent to which findings from a study can be applied or extended to broader populations or settings beyond the original research context.

Prevent Bias

Strategies or practices aimed at identifying and eliminating personal, cultural, and structural prejudices that can affect decision-making and outcomes.