Question
Inherent risk and control risk differ from detection risk in that they May be assessed in either quantitative or nonquantitative terms. Exist independently of the
Inherent risk and control risk differ from detection risk in that they
May be assessed in either quantitative or nonquantitative terms.
Exist independently of the financial statement audit.
Can be changed at the auditors discretion.
Arise from the misapplication of auditing procedures.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
