The auditors assessed a combined inherent risk and control risk at 0.67 and said they wanted to

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The auditors assessed a combined inherent risk and control risk at 0.67 and said they wanted to achieve a 0.15 risk of failing to detect misstatements in an account with a material balance. What audit risk are auditors planning to accept for this audit?

a. 0.20

b. 0.10

c. 0.75

d. 0.05

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Auditing An International Approach

ISBN: 978-1259087462

7th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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