[CPApracticer]

Hey Guys, I have a really quick question. Im studying for audit, however I cannot find the answer for this question…

A high detection risk strategy includes all of the following except

a. interim testing

b. reduced testing of transactions

c. heavy reliance on analytical procedures as substantive procedures

d. audit work only completed at year end

I know for sure it cannot be B. I also know that high detection risk is less work. So I am not sure if its a,c, or d. Anyone can help, I greatly appreciate it

F: 54 (4/13) 60 (4/14) 67 (9/14) 66 (10/14) 63 (11/15) 79 (2/16) PASSED
A: 60 (5/13) 80 (4/16) PASSED
R: 60 (7/13) 61 (2/15) 70 (4/15) 77 (7/15) PASSED
B: (6/16)

[Anonymous]

I think it's C.

Detection risk set high – more interim tests, less year end test and less testing of transactions because Control Risk must be low for detection risk to be high.

I could be wrong. I just took 11/27 and don’t know my score yet. You might be taking advice from somebody who got 52. LOL

[Anonymous]

Sorry I was trying to type D. less year end testing.

[SoCalCPA]

D, because A & D contracts each other. Either you do more at YE, or more during interm. Because high detection risk = willing to take more risks, you wouldn't complete all of them at YE.

B - (4/2012)
A - (5/2012)
R - (1/2012) Done!
F - (10/2011) Done!

[Author]

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