Which of the following is not correct regarding an auditor's decision that a lower acceptable audit risk is appropriate?
A) More evidence is accumulated.
B) Less evidence is accumulated.
C) Special care is required in assigning experienced staff.
D) Review of audit documentation is performed by personnel not assigned to the engagement.

Question

Quizplus · Accepted Answer

If an auditor decides that a lower acceptable audit risk is appropriate, more evidence should be accumulated to reduce the audit risk to an acceptable level. Less evidence would increase the audit risk, which is not appropriate. Special care is required in assigning experienced staff to ensure that all audit procedures are performed effectively and efficiently. A review of audit documentation by personnel not assigned to the engagement is performed to ensure that the audit was performed in compliance with professional standards and firm policies.

Which of the Following Is Not Correct Regarding an Auditor's