C. The acceptable level of detection risk will decrease and more substantive testing will be required in the current period relative to the previous period. D. The auditor must use a substantive approach …

On the basis of audit evidence gathered and evaluated, an auditor decides to increaseassessed control risk from that originally planned. To achieve an audit risk level (AcAR)that is substantially the same …

Control risk associated with inventory misstatement is likely to be assessed as low by the audit firm, upon completion of substantive testing of internal controls. • Inherent risk associated with inventory …

(2) Note that the assistant auditor is completely dissociated from responsibility for the auditors’ opinion. (3) Document the additional work required because all disagreements of this type will require …

Jan 9, 2024 · C. Decrease substantive testing. D. Decrease detection risk. Question #10 (AICPA.950512AUD-AU) As the acceptable level of detection risk decreases, an auditor may A. …

Based on evidence gathered and evaluated, an auditor decides to increase the assessedlevel of control risk from that originally planned. To achieve an overall audit risklevel that is substantially the same as …

Which of the following is NOT a task performed in the audit planning phase? a. reviewing an organization’s policies and practicesb. determining the degree of reliance on controls c. reviewing …

Analytical procedures are required as a part of the: Internal control assessment. Detailed tests of balances. Procedures performed near the end of the audit. Substantive testing.

As the acceptable level of detection risk decreases, an auditor may: A. reduce substantive testing by rrelying on the assessment of inherent risk and control risk. B. postpone the planned timing of …

Solution for North, CPA, is planning an independent audit of the financial statements of General Company. In determining the nature, timing, and extent of the…