The auditors assessed a combined inherent risk and control risk at 0.67 and said they wanted to
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The auditors assessed a combined inherent risk and control risk at 0.67 and said they wanted to achieve a 0.15 risk of failing to detect misstatements in an account with a material balance. What audit risk are auditors planning to accept for this audit?
a. 0.20
b. 0.10
c. 0.75
d. 0.05
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Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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