menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Auditing The Art and Science
  4. Exam
    Exam 7: Assessing the Risk of Material Misstatement
  5. Question
    PA Has Set Acceptable Audit Risk at 5% and Determined
Solved

PA Has Set Acceptable Audit Risk at 5% and Determined

Question 22

Question 22

Multiple Choice

PA has set acceptable audit risk at 5% and determined that inherent risk and control risk is at 100%.What is the detection risk?


A) 5%
B) 50%
C) 95%
D) 20%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q17: Which of the following is a factor

Q18: Auditors' responsibility relating to fraud risk is<br>A)detecting

Q19: Because control risk and inherent risk vary

Q20: Your firm has been appointed as the

Q21: List the audit procedures outlined in CAS

Q23: Acceptable audit risk is a measure of<br>A)the

Q24: CAS 315.28 requires the auditor to consider

Q25: When a different extent of evidence is

Q26: A)Explain how auditors use the audit risk

Q27: What are the components of risk of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines