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Determine the effect of the following event on the various component of the audit risk model. Event: During your audit kick-off/planning meeting with your audit
Determine the effect of the following event on the various component of the audit risk model.
- Event: During your audit kick-off/planning meeting with your audit client, you find that sales have declined sharply the past year due to increased competition from competitor.
Inherent Risk Increase Decrease No effect
Detection Risk Increase Decrease No effect
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
