Inherent risk and control risk differ from detection risk in that they a. Arise from the misapplication

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Inherent risk and control risk differ from detection risk in that they

a. Arise from the misapplication of auditing procedures.

b. May be assessed in either quantitative or nonquantitative terms.

c. Exist independently of the financial statement audit.

d. Can be changed at the auditor's discretion.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 07, 2024 02:01 AM

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Inherent risk and control risk differ from detection risk in that they a. Arise from the misapplication

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The correct answer is c Exist independently of the financial statement audit Inherent risk and contr...View the full answer

Auditing An Assertions Approach

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