As the acceptable level of detection risk decreases, an auditor may: A. reduce substantive testing by rrelying on the assessment of inherent risk and control risk. B. postpone the planned timing of substantive tests from interim dates to the year-end. C.Eliminate the assessed level of inherent risk from consideration as a planning factor. D. lower the assessed level of control risk
As the acceptable level of detection risk decreases, an auditor may: A. reduce substantive testing by rrelying on the assessment of inherent risk and control risk. B. postpone the planned timing of substantive tests from interim dates to the year-end. C.Eliminate the assessed level of inherent risk from consideration as a planning factor. D. lower the assessed level of control risk
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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As the acceptable level of detection risk decreases, an auditor may:
A. reduce substantive testing by rrelying on the assessment of inherent risk and control risk.
B. postpone the planned timing of substantive tests from interim dates to the year-end.
C.Eliminate the assessed level of inherent risk from consideration as a planning factor.
D. lower the assessed level of control risk
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