Which One of the Following Statements About the Cycle Approach

Multiple Choice

Which one of the following statements about the cycle approach to auditing is not correct?

A) There are differences among cycles in the effectiveness of internal controls.
B) There are differences among cycles on the auditor's willingness to accept risk that material errors exist after the auditing is complete.
C) There are differences among cycles in the frequency and size of expected errors.
D) It is common for auditors to want an equally low likelihood of errors for each cycle after the auditor is finished.