Top Posters
Since Sunday
7
n
3
j
3
o
2
x
2
c
2
2
p
2
n
2
3
2
C
2
z
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
jason23 jason23
wrote...
Go to Answer
Posts: 124
Rep: 0 0
A year ago
Which is a true statement about audit risk?

▸ Audit risk measures the risk that a material misstatement could occur and not be detected by internal control.

▸ When auditors decide on a higher acceptable audit risk, they want to be more certain that the financial statements are not materially misstated.

▸ Audit assurance is the complement of acceptable audit risk.

▸ There is an inverse relationship between acceptable audit risk and planned detection risk.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
Read 48 times
1 Reply
Replies
Answer verified by a subject expert
LondonLondon
wrote...
#1
Posts: 126
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

jason23 Author
wrote...

A year ago
Thank you, thank you, thank you!
ezsancheezy
wrote...

Yesterday
You make an excellent tutor!
byehoe
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1023 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 133
  
 303
  
 879
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 292
Previous poll results: What's your favorite funny biology word?