Question
Consider the following statement: If inherent and control risk are high, the auditor will set detection risk low, to bring audit risk down. Explain how
Consider the following statement: "If inherent and control risk are high, the auditor will set detection risk low, to bring audit risk down". Explain how setting detection risk low brings down audit risk.
Tutor must have an accounting major, DO NOT accept this question unless you do.
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Financial Accounting Information for Decisions
Authors: John Wild
7th edition
78025893, 978-0078025891
