Multiple Choice
Suppose auditors assess inherent risk and control risk as low, 25% and 8% respectively.If auditors want to keep audit risk relatively low at 5%, then what is detection risk?
A) 2.50 or 250%
B) .02 or 2%
C) .05 or 5%
D) 2.00 or 200%
Correct Answer:
Verified
Correct Answer:
Verified
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