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Caileynorton

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Question 1

If tests of controls support the control risk assessment, then ________ in the audit risk model is increased.
◦ planned detection risk
◦ planned inherent risk
◦ planned fraud risk
◦ planned assurance risk

Question 2

In order to promote audit efficiency, the auditor considers cost in selecting audit tests to perform. Which of the following audit tests would be the most costly?
◦ substantive analytical procedures
◦ risk assessment procedures
◦ tests of controls
◦ tests of details of balances


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Marked as best answer by Caileynorton on Aug 21, 2022

studyforce.com

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Caileynorton

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it


Chelseyj.hasty

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Reply 3 on: Yesterday
Excellent

 

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