The acceptable level of detection risk is inversely related to the:

Last Updated on February 2, 2022 by Admin 3

AUD CPA : All Parts

AUD CPA : Auditing and Attestation Exam : All Parts
AUD CPA Part 01	AUD CPA Part 14	AUD CPA Part 27	AUD CPA Part 40
AUD CPA Part 02	AUD CPA Part 15	AUD CPA Part 28	AUD CPA Part 41
AUD CPA Part 03	AUD CPA Part 16	AUD CPA Part 29	AUD CPA Part 42
AUD CPA Part 04	AUD CPA Part 17	AUD CPA Part 30	AUD CPA Part 43
AUD CPA Part 05	AUD CPA Part 18	AUD CPA Part 31	AUD CPA Part 44
AUD CPA Part 06	AUD CPA Part 19	AUD CPA Part 32	AUD CPA Part 45
AUD CPA Part 07	AUD CPA Part 20	AUD CPA Part 33	AUD CPA Part 46
AUD CPA Part 08	AUD CPA Part 21	AUD CPA Part 34	AUD CPA Part 47
AUD CPA Part 09	AUD CPA Part 22	AUD CPA Part 35	AUD CPA Part 48
AUD CPA Part 10	AUD CPA Part 23	AUD CPA Part 36	AUD CPA Part 49
AUD CPA Part 11	AUD CPA Part 24	AUD CPA Part 37	AUD CPA Part 50
AUD CPA Part 12	AUD CPA Part 25	AUD CPA Part 38	AUD CPA Part 51
AUD CPA Part 13	AUD CPA Part 26	AUD CPA Part 39

The acceptable level of detection risk is inversely related to the:

Assurance provided by substantive tests.
Risk of misapplying auditing procedures.
Preliminary judgment about materiality levels.
Risk of failing to discover material misstatements.

Explanation:
Choice “A” is correct. The acceptable level of detection risk is inversely related to the assurance provided by substantive tests. For example, if the acceptable level of detection risk decreases, more assurance is required from substantive tests.
Choice “B” is incorrect. The acceptable level of detection risk is determined independently of the risk of misapplying auditing procedures (non-sampling risk).
Choice “C” is incorrect. The acceptable level of detection risk is determined independently of the preliminary judgment about materiality levels (tolerable error).
Choice “D” is incorrect. The acceptable level of detection risk is directly related to the risk of failing to discover material misstatements (audit risk).

AUD CPA : All Parts

AUD CPA : Auditing and Attestation Exam : All Parts
AUD CPA Part 01	AUD CPA Part 14	AUD CPA Part 27	AUD CPA Part 40
AUD CPA Part 02	AUD CPA Part 15	AUD CPA Part 28	AUD CPA Part 41
AUD CPA Part 03	AUD CPA Part 16	AUD CPA Part 29	AUD CPA Part 42
AUD CPA Part 04	AUD CPA Part 17	AUD CPA Part 30	AUD CPA Part 43
AUD CPA Part 05	AUD CPA Part 18	AUD CPA Part 31	AUD CPA Part 44
AUD CPA Part 06	AUD CPA Part 19	AUD CPA Part 32	AUD CPA Part 45
AUD CPA Part 07	AUD CPA Part 20	AUD CPA Part 33	AUD CPA Part 46
AUD CPA Part 08	AUD CPA Part 21	AUD CPA Part 34	AUD CPA Part 47
AUD CPA Part 09	AUD CPA Part 22	AUD CPA Part 35	AUD CPA Part 48
AUD CPA Part 10	AUD CPA Part 23	AUD CPA Part 36	AUD CPA Part 49
AUD CPA Part 11	AUD CPA Part 24	AUD CPA Part 37	AUD CPA Part 50
AUD CPA Part 12	AUD CPA Part 25	AUD CPA Part 38	AUD CPA Part 51
AUD CPA Part 13	AUD CPA Part 26	AUD CPA Part 39

The acceptable level of detection risk is inversely related to the:

You Might Also Like

However, if successful, the profit potential is high. When preparing an analysis, what should be used to encourage stakeholders who are concerned about project failure to authorize the initial investment?

Which file contains information on the primary group, shell, and other parameters to be used by useradd when not specified on the command line?

Which glob character matches zero or more characters?