2/10/26, 9:13 AM WGU D251 Exam (2026) UPDATE Verified Questions And Answers | With 100% Correct Answers graded A+ Guaranteed Success!!…
WGU D251 Exam (2026) UPDATE Verified
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Terms in this set (51)
Performance materiality What is the materiality level that an auditor uses for
determining significant accounts, significant
locations, and audit procedures for those accounts
and locations?
The auditor should perform An auditor has determined performance materiality
additional substantive audit has been set too high at the beginning of the audit.
procedures Which procedures should this auditor consider to
detect misstatements?
Risk of material misstatement Which risk exists at the overall financial statement
level and at the assertion level and can be
categorized as involving inherent risk and control
risk?
Significant risk What represents an identified and assessed risk of
material misstatement that requires special audit
consideration?
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, 2/10/26, 9:13 AM WGU D251 Exam (2026) UPDATE Verified Questions And Answers | With 100% Correct Answers graded A+ Guaranteed Success!!…
The acceptable audit risk is reduced. What is the impact on the amount of acceptable
audit risk if an auditor believes the chance of
financial failure of a client is high?
The account balance consists of a Which factor should lead an auditor to assess
large number of complex inherent risk as high?
transactions.
The client's use of information Which factor would lead an auditor to assess client
technology is incompatible across business risk at a higher level?
systems and processes.
75% of $500,000 An auditor determines overall materiality of
$500,000 would be material to the income
statement and $1,000,000 would be material to the
balance sheet. Which amount would an auditor
typically assess performance materiality to be for
this client?
5% of planning materiality At which percentage do auditors commonly set
posting materiality?
Determining whether the upper limit What is quantitative evaluation?
of the possible deviation rate
exceeds the tolerable deviation rate
When the total estimated In which circumstance would an auditor change an
misstatement exceeds the tolerable audit objective to estimating the correct value?
misstatement
The percentage of misstatement What describes tainting percentage?
present in a logical unit
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WGU D251 Exam (2026) UPDATE Verified
Questions And Answers | With 100% Correct
Answers graded A+ Guaranteed Success!!
Save
Terms in this set (51)
Performance materiality What is the materiality level that an auditor uses for
determining significant accounts, significant
locations, and audit procedures for those accounts
and locations?
The auditor should perform An auditor has determined performance materiality
additional substantive audit has been set too high at the beginning of the audit.
procedures Which procedures should this auditor consider to
detect misstatements?
Risk of material misstatement Which risk exists at the overall financial statement
level and at the assertion level and can be
categorized as involving inherent risk and control
risk?
Significant risk What represents an identified and assessed risk of
material misstatement that requires special audit
consideration?
https://quizlet.com/1141971757/wgu-d251-exam-2026-update-verified-questions-and-answers-with-100-correct-answers-graded-a-guaranteed-succes… 1/8
, 2/10/26, 9:13 AM WGU D251 Exam (2026) UPDATE Verified Questions And Answers | With 100% Correct Answers graded A+ Guaranteed Success!!…
The acceptable audit risk is reduced. What is the impact on the amount of acceptable
audit risk if an auditor believes the chance of
financial failure of a client is high?
The account balance consists of a Which factor should lead an auditor to assess
large number of complex inherent risk as high?
transactions.
The client's use of information Which factor would lead an auditor to assess client
technology is incompatible across business risk at a higher level?
systems and processes.
75% of $500,000 An auditor determines overall materiality of
$500,000 would be material to the income
statement and $1,000,000 would be material to the
balance sheet. Which amount would an auditor
typically assess performance materiality to be for
this client?
5% of planning materiality At which percentage do auditors commonly set
posting materiality?
Determining whether the upper limit What is quantitative evaluation?
of the possible deviation rate
exceeds the tolerable deviation rate
When the total estimated In which circumstance would an auditor change an
misstatement exceeds the tolerable audit objective to estimating the correct value?
misstatement
The percentage of misstatement What describes tainting percentage?
present in a logical unit
https://quizlet.com/1141971757/wgu-d251-exam-2026-update-verified-questions-and-answers-with-100-correct-answers-graded-a-guaranteed-succes… 2/8
