On the basis of audit evidence gathered and evaluated, an auditor decides to increaseassessed control risk from that originally planned. To achieve an audit risk level (AcAR)that is substantially the same as the planned audit risk level (AAR), the auditor will(1) increase inherent risk. (3) decrease substantive testing.(2) increase materiality levels. (4) decrease planned detection risk.

On the basis of audit evidence gathered and evaluated, an auditor decides to increaseassessed control risk from that originally planned. To achieve an audit risk level (AcAR)that is substantially the same as the planned audit risk level (AAR), the auditor will(1) increase inherent risk. (3) decrease substantive testing.(2) increase materiality levels. (4) decrease planned detection risk.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 24CYBK

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Question

On the basis of audit evidence gathered and evaluated, an auditor decides to increase
assessed control risk from that originally planned. To achieve an audit risk level (AcAR)
that is substantially the same as the planned audit risk level (AAR), the auditor will
(1) increase inherent risk. (3) decrease substantive testing.
(2) increase materiality levels. (4) decrease planned detection risk.

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