Question: Using the audit risk model, identify the effect on control risk, inherent risk, and detection risk for each of the independent events a . through

Using the audit risk model, identify the effect on control risk, inherent risk, and detection risk for each of the independent
events a. through f .
a. The client changed from a privately held company to a publicly held company:
Control risk
Inherent risk
Detection risk
b. The client acquired a new subsidiary located in Italy:
Control risk
Inherent risk
Detection risk
c. The account balance increased materially from the preceding year without apparent reason:
Control risk
Inherent risk
Detection risk
d. You determined through the planning phase that working capital, debt-to-equity ratio, and other indicators of financial
condition improved during the past year:
Using the audit risk model, identify the effect on control risk,

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