Using your knowledge of the relationships among acceptable audit risk, inherent risk, control risk, planned detection risk, performance materiality, and planned evidence, state the effect on planned evidence (increase or decrease) of changing each of the following factors, while the other factors remain unchanged.

1. An increase in planned detection risk. _decrease_______.

2. A decrease in acceptable audit risk.__ ____.

3. A decrease in performance materiality. ________.

4. An increase in inherent risk. __increase______.

5. An increase in control risk. ________.

Answer rating: 100% (QA)

1 An increase in planned detection risk decre... View the full answer