The CPA firm of Lumley & Lu uses a quantitative approach to implementing the audit risk model.
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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 hypo thetical clients.
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Risk of Material Misstatement Detection Risk Client No. Audit Risk 20% 50% 15% 40% 2 3 5% 10%
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Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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