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Author Question: Which of the following statements isnottrue? (Read 29 times)

jlol3

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on: Aug 21, 2022

Question 1

Which of the following risks are used in the audit risk model?
◦
Control RiskInherent RiskPlanned Detection Risk
YesYesYes

◦
Control RiskInherent RiskPlanned Detection Risk
YesYesNo

◦
Control RiskInherent RiskPlanned Detection Risk
NoNoYes

◦
Control RiskInherent RiskPlanned Detection Risk
NoNoNo


Question 2

Which of the following statements is not true?
◦ Inherent risk is inversely related to the amount of audit evidence whereas detection risk is directly related to the amount of audit evidence required.
◦ Inherent risk is directly related to evidence whereas detection risk is inversely related to the amount of audit evidence required.
◦ Inherent risk is the susceptibility of the financial statements to material error, assuming no internal controls.
◦ Inherent risk and control risk are assessed by the auditor and function independently of the financial statement audit.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by jlol3 on Aug 21, 2022

bball_babe_123

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jlol3

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

milbourne11

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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