Question: d . Through audit testing, Hopper finds the investment manager's controls over recording purchases and sales of securities are not as effective as originally assessed.
d Through audit testing, Hopper finds the investment manager's controls over recording purchases and sales of securities are not as effective as originally assessed. What should Hopper do
Hopper may
her assessment of control risk in the
accuracy and cutoff
classification, cutoff and realizable value
existence, completeness and cutoff
detail tiein and rights and obligations
audit objectives, which may result in an
decrease
increase
in planned detection risk. If Hopper decides it is appropriate to
decrease
increase
planned detection risk, she will
decrease
increase
the amount of audit evidence gathered.
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