Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If tests of controls induce the auditor to change the assessed level of control risk from 0.4 to 0.8 , and audit risk (0.06) and
If tests of controls induce the auditor to change the assessed level of control risk from 0.4 to 0.8 , and audit risk (0.06) and inherent risk remain constant, the acceptable level of detection risk: would most likely change from 0.3 to 0.15 . would most likely change from 0.2 to 0.4 . would most likely change from 0.1 to 0.05 . would be unchanged, because the auditor has control over detection risk. cannot be determined because inherent risk is not given
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started