In the audit risk model as detection risk is increased by the auditor the amount of evidence required and its persuasiveness increases.

Name: In the audit risk model as detection risk is increased by the auditor the amount of evidence required and its persuasiveness increases.
Brand: Quizplus
Rating: 4.7 (48 reviews)

Question

Quizplus · Accepted Answer

As detection risk increases, the auditor can accept a higher level of risk that the audit will not detect a material misstatement, thus requiring less evidence and less persuasive evidence.

In the Audit Risk Model as Detection Risk Is Increased