What effects may the acceptable level of detection risk have on substantive tests for reconciling bank accounts?

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Modern Auditing

ISBN: 9780471230113

1st Edition

Authors: Graham Cosserat

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Question Posted: May 06, 2024 08:04 AM

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What effects may the acceptable level of detection risk have on substantive tests for reconciling bank accounts?

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Detection risk refers to the risk that auditors may fail to detect material misstatements in financial statements The acceptable level of detection ri...View the full answer

Modern Auditing

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