
An inherent risk (IR) of 40% and a control risk (CR) of 60% affect detection risk and planned evidence differently than an
A) IR of 60% and CR of 40%.
B) IR of 100% and CR of 24%.
C) IR of 80% and CR of 30%.
D) IR of 70% and CR of 30%.
Correct Answer:
Verified
Q22: Using the acceptable audit risk model,audit risk
Q23: Below are four situations that involve the
Q24: If the auditor assessed the detection risk
Q25: What is the role of internal controls
Q26: Your firm has been appointed as the
Q28: When inherent risk is assessed as higher
Q29: The risk that an auditor's procedures will
Q30: The auditor set acceptable audit risk at
Q31: If from last year to the current
Q32: Assessing design effectiveness and conducting tests of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents