AICPA每日一练之AUD【2016-2-20】

高顿网校2016-02-19 09:44Lynn.yu
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The acceptable level of detection risk is inversely related to the:

A. Assurance provided by substantive tests.

B. Risk of failing to discover material misstatements.

C. Preliminary judgment about materiality levels.

D. Risk of misapplying auditing procedures.

Answer: A

Choice "A" is correct. The acceptable level of detection risk is inversely related to the assurance provided by substantive tests. For example, if the acceptable level of detection risk decreases, more assurance is required from substantive tests.

Choice "D" is incorrect. The acceptable level of detection risk is determined independently of the risk of misapplying auditing procedures (non-sampling risk).

Choice "C" is incorrect. The acceptable level of detection risk is determined independently of the preliminary judgment about materiality levels (tolerable error). Choice "B" is incorrect. The acceptable level of detection risk is directly related to the risk of failing to discover material misstatements (audit risk).

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