Mark Hopper is planning the audit of the investments account for audit client Garden Supply Co. (GSC). GSC invests excess cash at the end of the summer sales season through an investment manager who invests in equity and debt securities for GSC's account. Hopper has assessed the following risks as low, medium, or high for the relevant balance-related audit objectives in the investment account.

Requirement b. Fill in the blank for planned detection risk for each balance-related audit objective using the terms low, medium, or

high. One answer for each

		Risk of Material Misstatements
Balance-Related Audit Objectives	Acceptable Audit Risk	Inherent Risk	Control Risk	Planned Detection Risk
Existence	Low	Medium	Medium
Completeness	Medium	Low	Medium
Accuracy	Medium	Medium	Medium
Cutoff	Medium	Medium	Low
Detail tie-in	Medium	Medium	Low
Realizable value	Low	High	Medium
Classification	Medium	Low	Low
Rights and obligations	Medium	Medium	Low
Presentation	Medium	Low	Medium