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Auditors want a low audit risk of 5% and a low detection risk of 5%. In order to achieve this, what will inherent risk and
Auditors want a low audit risk of 5% and a low detection risk of 5%. In order to achieve this, what will inherent risk and control risk have to be?
a) 100% for both
b) 1% for inherent risk and 100% for control risk
c) The risks cannot be determined because there is not enough information.
d) 1% for both
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