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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 6
The auditors assessed risk of material misstatement at 0.50 and said they wanted to achieve a 0.05 risk of failing to express a correct opinion on financial statements that were materially misstated. What detection risk do the auditors plan to use for planning the remainder of the audit work?
A) 0.20.
B) 0.10.
C) 0.75.
D) 0.00.
A) 0.20.
B) 0.10.
C) 0.75.
D) 0.00.
Explanation
Verified
Verified
Auditors should plan 0.10 detection risk...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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