Define the audit risk model and explain each term in the model. Also describe which two factors

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Define the audit risk model and explain each term in the model. Also describe which two factors of the model when combined reflect the risk of material misstatement.

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Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

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Question Posted: Oct 10, 2012 07:23 AM

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Define the audit risk model and explain each term in the model. Also describe which two factors

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The audit risk model is as follows PDR AARIR x CR Where PDR Planned detection risk AAR Acceptable au...View the full answer

Auditing and Assurance services an integrated approach

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