menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services Study Set 2
  4. Exam
    Exam 9: Assessing the Risk of Material Misstatement
  5. Question
    A High Detection Risk Equates to a Low Amount of Audit
Solved

A High Detection Risk Equates to a Low Amount of Audit

Question 15

Question 15

True/False

A high detection risk equates to a low amount of audit evidence needed.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q10: In practice, auditors rarely assign numerical probabilities

Q11: Which of the following would not increase

Q12: There are several factors that affect engagement

Q13: Risk assessment procedures are performed to identify

Q14: Discussions, including exchanges of ideas or brainstorming

Q16: Individuals engaged in conducting a fraud will

Q17: Audit reports issued under the PCAOB and

Q18: The auditor assesses risks at the overall

Q19: Inherent risk and control risk<br>A) are inversely

Q20: When taken together, the concepts of risk

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines