Multiple Choice
When external users place heavy reliance on the financial statements,it is appropriate that
A) acceptable audit risk be increased.
B) inherent risk be decreased.
C) inherent risk be increased.
D) acceptable audit risk be decreased.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
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
Q28: The auditor set acceptable audit risk at
Q30: Assessing design effectiveness and conducting tests of
Q31: Fraud risk factors are examples of factors
Q32: Which of the following is a factor
Q33: A PA firm can experience high levels
Q34: Why does an auditor perform audit risk