This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements isnottrue? (Read 25 times)

jlol3

  • Full Member
  • ***
  • Posts: 131
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jlol3 on Aug 21, 2022

bball_babe_123

  • Full Member
  • ***
  • Posts: 178
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.
Answer Preview
Only 39% of students answer this correctly


jlol3

  • Member
  • Posts: 131
Reply 2 on: Aug 21, 2022
:D TYSM

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Which of the following statements is true of linkage? Which of the following statements is true of linkage?
Ratings of Perceived Contradictions in Political Statements Ratings of Perceived Contradictions in Political Statements
Examples of Mission Statements Examples of Mission Statements
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
How to convert verbal statements into algebraic equations (Part 4) How to convert verbal statements into algebraic equations (Part 4)
Video: Prone Position

For a complete list of videos, visit our video library