The CPA firm of Petersen & Pauley uses a qualitative approach to imple- menting the audit risk model. Audit risk is categorized using three terms: very low, low, and moderate. The risk of material misstatement and de- tection risk are categorized using three terms: low, moderate, and high. Control risk is categorized using four terms: very low, low, moderate, and high. Calculate detection risk for each of the following hypothetical clients.. K-9875