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QUESTION 1 In practice, auditors rarely assign numerical probabilities to inherent risk, control risk, or acceptable audits. It is more common to the desiderio For

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QUESTION 1 In practice, auditors rarely assign numerical probabilities to inherent risk, control risk, or acceptable audits. It is more common to the desiderio For each of the four situations below, fill in the blanks for detection risk and the amount of evidence you would plan to gather and down the radio SITUATION 1 2 4 Low Acceptable audit risk Inherent risk Control risk Detection risk Planned evidence High High Low Low Low High Low Medium High LOW Low

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