An increase in the effectiveness of auditing software will have the effect of
A) increasing detection risk.
B) reducing detection risk.
C) increasing control risk.
D) reducing control risk.

Question

Quizplus · Accepted Answer

An increase in the effectiveness of auditing software will lead to a reduction in detection risk as the software will be better able to identify errors or irregularities in the financial statements. This, in turn, will increase the overall efficiency and reliability of the audit process. It will not have any impact on control risk.

An Increase in the Effectiveness of Auditing Software Will Have