On the basis of audit evidence gathered and evaluated,an auditor decides to increase the assessed level of risk of material misstatement from that originally planned.To achieve an overall audit risk level that is substantially the same as the planned audit risk level,the auditor would
A) Decrease amount of substantive testing.
B) Decrease detection risk.
C) Increase detection risk.
D) Increase materiality levels.

Question

Quizplus · Accepted Answer

To maintain the same overall audit risk level, the auditor would decrease detection risk, which means performing more substantive testing or more effective audit procedures to compensate for the increased risk of material misstatement.

On the Basis of Audit Evidence Gathered and Evaluated,an Auditor