Objectives 9 6 9 8 The following questions concern audit risk Choose the best

Objectives 9 6 9 8 the following questions concern

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9-23 (Objectives 9-6, 9-8)The following questions concern audit risk. Choose the best response.a.Some account balances, such as those for pensions and leases, are the result of complex calculations. The susceptibility to material misstatements in these types of accounts is defined as (1)audit risk.(2)detection risk.(3)sampling risk.(4)inherent risk. b.Inherent risk and control risk differ from planned detection risk inthat they c.Which of the following bestdescribes the element of inherent risk that underlies the application of auditing standards? 2
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9-24 (Objective 9-9)The following questions deal with audit risk and evidence. Choose the best response.a.As the acceptable level of detection risk decreases, an auditor may
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  • Spring '11
  • Stretton

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