Part 1: Auditors will use the concept of overall materiality in all the following ways except: A)
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Question:
Part 1:
Auditors will use the concept of overall materiality in all the following ways except:
A) As a guide to planning the audit plan.
B) As a guide for assessing control risk.
C) As a guide for making decisions about the audit report.
D) As a guide to the evaluation of evidence.
Part 2:
Suppose that control risk increases, and all other risks in the audit risk model stay constant except the one referred to below. Which of the following statements would be correct?
A) Detection risk will increase.
B) Audit risk will decrease.
C) Detection risk will decrease.
D) Inherent risk will increase.
Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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