When the Auditor Has the Same Level of Willingness to Risk

Multiple Choice

When the auditor has the same level of willingness to risk that material errors will exist after the audit is finished for all five cycles,

A) the same amount of evidence will be gathered for each cycle.
B) a different extent of evidence is needed for various cycles.
C) he/she has not followed generally accepted auditing standards.
D) the level for each cycle must be no more than 2% so that the entire audit does not exceed 10%.