An audit is planned so that the most of it focuses on the areas with the highest

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An audit is planned so that the most of it focuses on the areas with the highest risk factors. The risk that auditors and their audit procedures will fail to detect a material error or misstatement is an

a. Inherent risk.

b. Control risk.

c. Detection risk.

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Accounting Information Systems

ISBN: 9781292060521

13th Global Edition

Authors: Marshall B. Romney, Paul John Steinbart

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Question Posted: Dec 25, 2023 04:09 AM

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An audit is planned so that the most of it focuses on the areas with the highest

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a Incorrect Inherent risk is the susceptibility to material ri...View the full answer

Accounting Information Systems

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