When an auditor decides on a higher acceptable audit risk, the auditor wants to be certain the accounts are not materially misstated.

Name: When an auditor decides on a higher acceptable audit risk, the auditor wants to be certain the accounts are not materially misstated.
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Question

Quizplus · Accepted Answer

When an auditor decides on a higher acceptable audit risk, it means that the auditor is willing to accept a higher risk of material misstatement in the accounts. Therefore, the statement is false.

When an Auditor Decides on a Higher Acceptable Audit Risk