Realizable value Low High Medium Low Classification Medium Low Low High Rights and obligations Medium Medium Low Medium Presentation Medium Low Medium Medium Requirement c. Which audit objectives require the greatest amount of evidence and which require the least? The realizable value audit objective requires the greatest amount of evidence in order to reduce detection risk to a low level. The classification audit objective requires the least amount of evidence as planned detection risk is at a high level. Requirement 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 his assessment of control risk in the audit objectives, which may result in a(n) in planned detection risk. If Hopper decides it is appropriate to planned detection risk, he will the amount of audit evidence gathered. Click to select your answers and then click Check