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The CPA firm of Lumley & Lu uses a quantitative approach to implementing the audit risk model. Calculate detection risk for each of the following
The CPA firm of Lumley & Lu uses a quantitative approach to implementing the audit risk model. Calculate detection risk for each of the following hypothetical clie
| Client No. | Audit Risk | Risk of Material Misstatement | Detection Risk | |
| 1 | 5% | 20% | ? | |
| 2 | 5% | 50% | ? | |
| 3 | 10% | 15% | ? | |
| 4 | 10% | 40% | ? |
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Cost Accounting A Managerial Emphasis
Authors: Charles T Horngren
6th Edition
0131795082, 978-0131795082
