Question: When and how does an auditor determine a revised or final acceptable level of detection risk for an assertion?

When and how does an auditor determine a revised or final acceptable level of detection risk for an assertion?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

An auditor determines a revised or final acceptable level of detection risk for an assertion through a process of evaluating the results of the audit procedures and assessing the remaining risk of mat... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Principles of Auditing Questions!