Auditors must use considerable professional judgment to determine any change in audit procedures that can be made when the level of inherent risk is increased or decreased.

Question

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Auditors must use their professional judgment to assess the level of inherent risk in a particular audit engagement. Based on their assessment, they may need to adjust their audit procedures to mitigate a higher inherent risk or reduce audit procedures if the inherent risk is lower. The decision to change audit procedures depends on the auditor's professional judgment.

Auditors Must Use Considerable Professional Judgment to Determine Any Change