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    Business
  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 3: Audit Evidence, Audit Planning, Analytical Procedures, Materiality and Risk
  5. Question
    In an Audit Area That Has a Lower Inherent Risk
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In an Audit Area That Has a Lower Inherent Risk

Question 47

Question 47

Multiple Choice

In an audit area that has a lower inherent risk, it would be prudent to:


A) expand planning procedures.
B) increase the tolerable misstatement for the area.
C) assign more experienced staff to that area.
D) increase the amount of audit evidence gathered.

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