When an auditor sets a low acceptable audit risk,it means that he wants to be more certain that the financial statements are not materially misstated.

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When audit risk is set to a low level, it means the auditor wants to reduce the risk of material misstatement in the financial statements. This results in a more thorough and comprehensive audit process aimed at identifying and addressing potential errors and inaccuracies in the financial reporting.

When an Auditor Sets a Low Acceptable Audit Risk,it Means