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Relationships Between Risks. Identify How an Increase in Each of the Following Factors

Question 85

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Relationships between risks.
Identify how an increase in each of the following factors (assuming the other factors remain unchanged) will affect planned audit evidence.
Audit risk,
∙ Inherent risk,
∙ Control risk,
∙ Detection risk,
∙ Tolerable misstatement

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An increase in audit risk decreases plan...

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