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- Subject
- Audit Evidenceauditing-mcqs › audit-evidence
- Published
- 27 Jul 2019
- Last updated
- 28 May 2026
Explanation
The risk of placing excessive reliance (A) can reduce audit effectiveness, whereas risks of incorrect rejection (B) and incorrect acceptance (C) pertain to different audit concerns. Therefore, the primary factor affecting audit effectiveness here is the risk of over reliance.
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Practice related questions from the same subject.
- 1.Which factor plays the most crucial role in determining the appropriateness of audit evidence?
- 2.Which statement best defines the risk of incorrect acceptance in the context of substantive audit procedures?
- 3.How is the risk of incorrect rejection best defined in the context of substantive testing?
- 4.Which of the following statements about management representations according to AAS-11 is incorrect?
- 5.Which item listed below does not qualify as corroborative evidence?
- 6.Under what condition is evidential matter generally regarded as sufficient?
- 7.Which of the following statements is generally true regarding the dependability of audit evidence?
- 8.How is the nature, timing, and scope of substantive procedures related to the evaluated level of control risk?
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