10. The acceptable level of detection risk is inversely related to the A. Assurance provided by substantive procedures. B. Risk of misapplying auditing procedures. C. Preliminary judgment about materiality levels. D. Risk of failing to discover material misstatements.
10. The acceptable level of detection risk is inversely related to the A. Assurance provided by substantive procedures. B. Risk of misapplying auditing procedures. C. Preliminary judgment about materiality levels. D. Risk of failing to discover material misstatements.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:10. The acceptable level of detection risk is inversely
related to the
A. Assurance provided by substantive
procedures.
B. Risk of misapplying auditing procedures.
C. Preliminary judgment about materiality levels.
D. Risk of failing to discover material
misstatements.
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