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Author Question: Which of the following is an accurate statement regarding how the acceptable risk of overreliance ... (Read 38 times)

urmomsucks

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on: Aug 21, 2022
Which of the following is an accurate statement regarding how the acceptable risk of overreliance (ARO) and the acceptable risk of incorrect acceptance (ARIA) interact to affect evidence accumulation?
◦ If internal controls are likely to be effective, preliminary control risk can be increased.
◦ A lower control risk requires a lower ARO in testing the controls, which requires a smaller sample size.
◦ If controls are found to be effective, control risk can remain low, which permits the auditor to increase ARIA, thereby requiring a smaller sample size in the substantive tests of details of balances.
◦ If misstatements are considered unlikely, ARIA will decrease, and the sample size will also decrease.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by urmomsucks on Aug 21, 2022

brunoanthony

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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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urmomsucks

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Reply 2 on: Aug 21, 2022
Excellent

scottmt

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

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