Question: By setting high detection risk, an auditor will a . reduce the level of testing of the client's internal control system. b . reduce the

By setting high detection risk, an auditor will
a. reduce the level of testing of the client's internal control system.
b. reduce the level of reliance placed on their detailed substantive procedures
c. eliminate the possibility that fraud will be detected.
d. increase the level of reliance placed on their detailed substantive procedures.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Accounting Questions!

Q:

By setting high detection risk, an auditor will a . reduce the level of testing of the client's internal control system. b . reduce the level of reliance placed on their detailed substantive...

Q:

Current Attempt in Progress By setting high detection risk, an auditor will O reduce the level of reliance placed on their detailed substantive procedures. O increase the level of reliance placed on...

Q:

By setting high detection risk, an auditor will increase the level of reliance placed on their detailed substantive procedures. reduce the level of testing of the client's internal control system....

Q:

By setting high detection risk, an auditor will increase the level of reliance placed on their detailed substantive procedures. reduce the level of testing of the client's internal control system....

Q:

By setting high detection risk, an auditor will: Question 1 options: increase the level of reliance placed on their detailed substantive procedures. reduce the level of testing of the client's...

Q:

Question 1 (1 point) Which of the following is an example of a misappropriation of assets fraud? unauthorized discounts or refunds to customers inappropriate application of accounting principles...

Q:

Case Study 2 - Auditing ACCT3000 (Semester 1.2020) You are an Audit Senior currently planning the 30 June 20x9 audits of Comp Limited (Comp), Health Limited (Health) and News Limited (News). At...

Q:

answer questions 4,5,6 hello , the questions 4,5,6 are the questuons using the information i provided .. only write out whatever info is found . also question 6 to write out a memo stating a clear...

Q:

Could you answer these multiples below 1.A client sells expensive flat screen televisions. The client has limited security and performs only annual inventory counts. Which of the following is true?...

Q:

You are a member of the audit team assigned to audit Rahim Manufacturing Berhad, a manufacturer of a spicy sauce that is popular among Malaysians. Based on audit evidence gathered during testing of...

Q:

What is the quoted price of a 14-year 4.4% annual coupon bond yielding 5.2%? Round to four decimal places.

Q:

Explain how signal amplification is achieved in enzymelinked immunosorbent assays.

Q:

Mehta Appliances is using the Gross Profit Method to estimate its ending inventory. The company's current year sales and cost of inventory available for sale are $910,000 and $670,000, respectively....

Q:

please answer only if you know programming language is c++ For this lab, your objective is to define the functions below. Define the void function SwapNodes () that takes three generic type Node...