assume the audiotr is doing a first year adudit of a company and concludes that the internal control structure is not likely to be effective

explain why the auditor is lkely to set both inherent and control risks at 100% for most segments

assuming above, explain the relationship of acceptable audit risk to planned detection risk

assuming above, expain the effect of planned detection risk on evidence accumulation compared with its effect if planned detection risk were larger

assume the auditor is doing 3rd year audit of the company, concludes that internal controls are effective and inherent risk is low

for the audit of fixed asset accounts, assume inherent and control risks of 50% each, and an acceptable audit risk of 5%, calculate planned detection risk

for above, expalin the effect of detection risk on evidence accumulation compared with its effect if planned detection risk were smaller

assume the auditor is doing the 5th year audit of the company,concludes that audit risk can be set high and inherent and control risk should be set low

what circumstances would result in these conclusion

for the audit of repairs and maintenance , inherent risk and control risk are set at 20%each. audit risk is 5%. calculated planned detection risk

how much evidence should be accumulated in this situation