Question: Explain how internal control work done by auditors impacts the audit risk equation. Does control risk change if the auditors are providing an opinion over

Explain how internal control work done by auditors impacts the audit risk equation. Does control risk change if the auditors are providing an opinion over internal controls? How is detection risk impacted?

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Internal control work conducted by auditors plays a crucial role in assessing and mitigating audit risk which is the risk that the auditor may fail to ... View full answer

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