Question
27. After setting the planned inherent risk at 75%, the field staff auditors discovered that the industry in which the client operates has been severely
27. After setting the planned inherent risk at 75%, the field staff auditors discovered that the industry in which the client operates has been severely disrupted by technological changes that affect its inventory offerings. Please propose a revised inherent risk percent that reflects this new information.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
