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Which would best reflect impact on level of detection risk

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Problem 1: Which of the following is a pre-engagement activity?

a) determining planning materiality.

b) ensuring the auditee will accept their responsibility for the management. representation letter.

c) performing analytical review

d) determining the overall audit strategy.

Problem 2: AXY Ltd is a private company. The auditor has assessed the risk of material misstatement and audit risk as high. Which of the following would best reflect the impact on level of detection risk?

a) The level of detection risk would increase.

b) The level of detection risk would decrease.

c) The level of detection risk would not change.

d) The auditor would require more information to assess the impact on the level of detection risk.

Reference no: EM132660568

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