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Using your knowledge of the relationships among the type of audit risk, state the effect on planned detection risk and planned evidence (increase, decrease, no

Using your knowledge of the relationships among the type of audit risk, state the effect on planned detection risk and planned evidence (increase, decrease, no effect) of changing each of the following situations, while the other risk remain constant:

Situations

Effect on

PDR

Effect on planned evidence

An increase in acceptable audit risk

An increase in control risk

An increase in inherent risk

An increase of inherent risk and decrease in control risk in the same amount

A decrease in acceptable audit risk

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