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Entity A is a fashion company that imports material and exports finished garments all over the world. Diggs accountants are the auditors and are currently
Entity A is a fashion company that imports material and exports finished garments all over the world. Diggs accountants are the auditors and are currently performing the initial risk assessment in order to respond adequately to assessed risks. The auditors are keen to respond adequately to assessed risks. Which of the following risk relationships is most likely to exist after audit procedures have been performed? Inherent risk is low, control risk is low, lowering audit risk. Inherent risk is high, detection risk is low, lowering audit risk. Inherent risk is high, detection risk is high, increasing audit risk. O Inherent risk is low, control risk is high, increasing audit risk
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