Describe how an auditor is able to achieve a given level of audit risk through different combinations

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Describe how an auditor is able to achieve a given level of audit risk through different combinations of tests of controls and substantive tests. Consider the soccer/football analogy provided in Figure 10-7.

Figure 10-7

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Auditing Assurance And Risk

ISBN: 9780324313185

3rd Edition

Authors: W. Robert Knechel, Steve Salterio, Brian Ballou

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