Question: If an auditor uses the audit risk model for the client company under audit to assess audit risk and audit evidence, where inherent risk

If an auditor uses the audit risk model for the client company

If an auditor uses the audit risk model for the client company under audit to assess audit risk and audit evidence, where inherent risk is 40%, conti s 50%, and acceptable audit risk is 20%, the assessed planned detection risk would be (Complete using a percentage) EN+F10 (Mar)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!