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PA has set acceptable audit risk at 5% and determined that inherent risk and control risk is at 100%. What is the detection risk? A)
PA has set acceptable audit risk at 5% and determined that inherent risk and control risk is at 100%. What is the detection risk?
A) 5%
B) 50%
C) 95%
D) 20%
Please show your work on how you got the answer. Thank you for answering.
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