If the auditor assessed the detection risk as high,the extent of evidence the auditor plans to accumulate is
A)low.
B)high.
C)medium.
D)uncertain: more information is needed.

Question

Quizplus · Accepted Answer

If the detection risk is assessed as high, it means that the auditor believes that there is a high risk that material misstatements in the financial statements may not be detected. In order to mitigate this risk, the auditor would need to accumulate more evidence, which would mean a higher extent of evidence. Therefore, the best choice is A, low extent of evidence, is incorrect.

If the Auditor Assessed the Detection Risk as High,the Extent