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If an auditor concludes that internal controls are likely to be effective, the preliminary ...

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If an auditor concludes that internal controls are likely to be effective, the preliminary ...

If an auditor concludes that internal controls are likely to be effective, the preliminary assessment of control risk can be reduced, leading to which of the following impacts on the acceptable risk of incorrect acceptance?

▸ The acceptable risk of incorrect acceptance will be reduced.

▸ The acceptable risk of incorrect acceptance will be increased.

▸ The acceptable risk of incorrect acceptance will be eliminated.

▸ The acceptable risk of incorrect acceptance will not be impacted.

Textbook

Auditing and Assurance Services

Edition: 17^th

Authors: Arens, Elder, Beasley, Hogan

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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