Multiple Choice
Based on the results of attributes sampling,the audit team assessed control risk too low and did not modify the nature,timing,and extent of its further audit procedures to reduce detection risk.This situation would most likely result in a(n)
A) higher level of audit risk than planned.
B) lower level of inherent risk.
C) greater efficiency loss.
D) lower effectiveness loss.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Which of the following allow the auditor
Q28: While performing an audit of accounts payable,Clayton,CPA,is
Q61: Which of the following statements is true
Q68: An auditor using variables sampling to perform
Q77: Why does the risk of incorrect rejection
Q79: Why is the auditor more concerned with
Q82: Why is appropriately defining the population so
Q83: The upper limit on misstatement is<br>A) an
Q85: For each of the following statements,indicate whether
Q87: The method of sample selection in which