Multiple Choice
Because control risk and inherent risk vary from cycle to cycle, account to account, or objective to objective:
A) detection risk will vary, but audit evidence will remain constant.
B) detection risk and required audit evidence will also vary.
C) acceptable audit risk must remain a constant.
D) detection risk will remain constant, but audit evidence will vary.
Correct Answer:

Verified
Correct Answer:
Verified
Q88: When there is a high degree of
Q89: Acceptable audit risk is ordinarily set by
Q90: Auditors will vary the acceptable audit risk
Q91: The primary purpose of allocating the preliminary
Q92: A materiality level of $1 000 would
Q94: Risk is:<br>A) measured by tolerable error.<br>B) to
Q95: There are several factors the auditor should
Q96: Applying materiality in practice is:<br>A) based on
Q97: Using your knowledge of the relationships among
Q98: Which one of the following discoveries by