If an auditor believes the chance of financial failure is low and there is a corresponding increase in business risk for the auditor, acceptable audit risk would likely Select one: a. be reduced. b. be calculated using a computerized statistical package. O c. be increased. d. remain the same.

If an auditor believes the chance of financial failure is low and there is a corresponding increase in business risk for the auditor, acceptable audit risk would likely Select one: a. be reduced. b. be calculated using a computerized statistical package. O c. be increased. d. remain the same.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Jestion 26
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If an auditor believes the chance of financial failure is low and
there is a corresponding increase in business risk for the
auditor, acceptable audit risk would likely
arked out of
Select one:
Flag
estion
a. be reduced.
b. be calculated using a computerized statistical package.
c. be increased.
d. remain the same.

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