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Author Question: If an auditor concludes that internal controls are likely to be effective, the preliminary ... (Read 88 times)

xman15.

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on: Aug 21, 2022

Question 1

If acceptable audit risk is increased, acceptable risk of incorrect acceptance should be
◦ increased.
◦ reduced.
◦ unaffected.
◦ modified.

Question 2

If an auditor concludes that internal controls are likely to be effective, the preliminary assessment of control risk can be reduced, leading to which of the following impacts on the acceptable risk of incorrect acceptance?
◦ The acceptable risk of incorrect acceptance will be reduced.
◦ The acceptable risk of incorrect acceptance will be increased.
◦ The acceptable risk of incorrect acceptance will be eliminated.
◦ The acceptable risk of incorrect acceptance will not be impacted.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by xman15. on Aug 21, 2022

khammond77

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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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xman15.

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Reply 2 on: Aug 21, 2022
Excellent

kthug

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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