If inherent risk (IR) is assessed as 0.90 and the detection risk (DR) implicit in an audit

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If inherent risk (IR) is assessed as 0.90 and the detection risk (DR) implicit in an audit plan is 0.10, what audit risk (AR) is implied when the assessed level of control risk is each of 0.10, 0.50, 0.70, 0.90, and 1.0?

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Auditing An International Approach

ISBN: 978-1259087462

7th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Question Posted: Jun 22, 2019 09:21 AM

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If inherent risk (IR) is assessed as 0.90 and the detection risk (DR) implicit in an audit

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Use the model AR IR x CR x DR to solve for different values of Audit Risk AR when intern...View the full answer

Auditing An International Approach

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