As the acceptable level of detection risk increases,an auditor may change the
A) Assessed level of control risk from below the maximum to the maximum level.
B) Assurance provided by tests of controls by using a larger sample size than planned.
C) Timing of substantive procedures from year-end to an interim date.
D) Nature of substantive procedures from less effective to more effective procedures.

Question

Quizplus · Accepted Answer

As detection risk increases, auditors may perform substantive procedures at an interim date rather than at year-end, as they can accept more risk of not detecting a material misstatement.

As the Acceptable Level of Detection Risk Increases,an Auditor May