Question: In the audit risk model, if an audit team wanted to keep audit risk at a low level but there was a great inherent risk
In the audit risk model, if an audit team wanted to keep audit risk at a low level but there was a great inherent risk of material misstatement and the internal control was ineffective, then procedures would need to be designed so that
Question options:
Detection risk was at a low level.
Detection risk was at a high level.
Control risk was at a low level.
Inherent risk was at a high level.
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