An inaccurate version of the audit risk model would imply that:
A) detection risk is inversely related to inherent risk.
B) detection risk can be determined from audit risk, inherent risk and control risk.
C) detection risk is inversely related to audit risk.
D) audit risk is related to all other risks in the model.
E) increases in the acceptable level of control risk will cause decreases in detection risk.
Correct Answer:
Verified
Q17: If inherent risk is assessed at the
Q18: In practice, many auditors do not attempt
Q19: The auditor might choose a primarily substantive
Q20: The auditor might choose an approach that
Q21: The auditor has chosen the preliminary strategy
Q23: Which of the following is a fraud
Q24: Following are a number of items that
Q25: A risk components matrix or its equivalent
Q26: Following are the three possible audit strategies
Q27: A.Under a lower assessed level of control
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