Inherent risk and control risk differ from detection risk in that inherent risk and control risk are

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a. Elements of audit risk while detection risk is not.

b. Changed at the auditor's discretion while detection risk is not.

c. Considered at the individual account balance level while detection risk is not.

d. Functions of the client and its environment while detection risk is not.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 07, 2024 02:01 AM

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Inherent risk and control risk differ from detection risk in that inherent risk and control risk are

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The correct answer is d Functions of the client and its environment while detection risk is not Inhe...View the full answer

Auditing An Assertions Approach

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