Author Question: When management has an adequate level of integrity for the auditor to accept the engagement ... (Read 14 times)

tspaw0811 · **on:** Aug 21, 2022

Question 1

If an auditor believes the chance of financial failure is high and there is a corresponding increase in business risk for the auditor, acceptable audit risk would likely
◦ be reduced.
◦ be increased.
◦ remain the same.
◦ be calculated using a computerized statistical package.

Question 2

When management has an adequate level of integrity for the auditor to accept the engagement but cannot be regarded as completely honest in all dealings, auditors normally
◦ reduce acceptable audit risk and increase inherent risk.
◦ reduce inherent risk and control risk.
◦ increase inherent risk and control risk.
◦ increase acceptable audit risk and reduce inherent risk.

katrey9207 · **Reply #1 on:** Aug 21, 2022

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