What is a residual risk? What is the primary implication of residual risk for assessing the risk
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What is a residual risk? What is the primary implication of residual risk for assessing the risk of material misstatement as shown in Figure 5-2?
Figure 5-2
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Auditing Assurance And Risk
ISBN: 9780324313185
3rd Edition
Authors: W. Robert Knechel, Steve Salterio, Brian Ballou
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