If acceptable audit risk is low and inherent and control risks are high, the amount of evidence required is:
A) low.
B) indeterminate.
C) medium.
D) high.

Question

Quizplus · Accepted Answer

When acceptable audit risk is low and inherent and control risks are high, the amount of evidence required is high. This means that the auditor will need to gather a significant amount of evidence in order to reduce the risk of issuing an incorrect opinion.

If Acceptable Audit Risk Is Low and Inherent and Control