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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Cost Accounting
Authors: Edward B. Deakin, Michael Maher
3rd Edition
0256069190, 978-0256069198
