ACC 403 Week 11 FINAL EXAM PART 1-New

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1. An auditor who audits a business cycle that has low inherent risk should:

2. The preliminary judgment about materiality and the amount of audit evidence accumulated are ________ related.

3. Auditors are responsible for determining whether financial statements are materially misstated, so upon discovering a material misstatement they must bring it to the attention of:

4. As the acceptable level of detection risk increases, an auditor may change the:.......................................