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accounting question Need all questions answered please! For each case, calculate planned detection risk: Define the terms: 1. Audit risk, 2. Control risk, and 3.

accounting question
image text in transcribedNeed all questions answered please!
For each case, calculate planned detection risk: Define the terms: 1. Audit risk, 2. Control risk, and 3. Inherent risk. State whether Detection Risk varies directly or indirectly with each risk. Contrast Case 4 with Case 5. Would the auditor have to do more or less substantive testing in case 5 compared to case 4? Explain, by referring to the audit risk model. Now explain, without referring to the audit risk model

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