What is audit risk? Describe the components of audit risk (risk of material misstatement and detection risk)

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What is audit risk? Describe the components of audit risk (risk of material misstatement and detection risk) and how they are related.

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Auditing Assurance And Risk

ISBN: 9780324313185

3rd Edition

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

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