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Find the audit risk model consists of ar

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Reference no: EM132725599

Problem 1: The audit risk model consists of AR = IR x CR x DR

a. Highest

b. Medium

c. Lower

d. Higher

Problem 2: An auditor decides to increase the assessed level of control risk from that originally planned on the basis of audit evidence gathered and evaluated. To achieve an overall audit risk level that is substantially the same as the planned audit risk level, the auditor would

a. Decrease substantive testing

b. Increase inherent risk

c. Increase materiality levels

d. Decrease detection risk

Problem 3: As the acceptable level of detection risk decreases, the assurance directly provided from

a. Substantive tests should increase

b. Substantive tests should decrease

c. Tests of controls should increase

d. Tests of controls should decrease

Reference no: EM132725599

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