Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When an auditor decreases the assessed level of control risk because certain control procedures were determined to be more effective than initially expected, the auditor

When an auditor decreases the assessed level of control risk because certain control procedures were determined to be more effective than initially expected, the auditor most likely will 


a. Increase extent of substantive procedures 


b. Decrease acceptable level of audit risk 


c. increase acceptable level of audit risk 


d. decrease extent of substantive procedures

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided bel... blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance Services A Systematic Approach

Authors: William Messier, Steven Glover, Douglas Prawitt

9th edition

1308361491, 77862333, 978-1259248290, 9780077862336, 1259162346, 978-1259162343

More Books

Students also viewed these Accounting questions

Question

What is your greatest strength?

Answered: 1 week ago

Question

What are the factors that affect the control environment?

Answered: 1 week ago

Question

How do inherent risk and control risk differ from detection risk?

Answered: 1 week ago

Question

What reasons are generally given for imposing trade restrictions?

Answered: 1 week ago

Question

Describe the various sources of export assistance.

Answered: 1 week ago