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    Business
  3. Study Set
    Auditing
  4. Exam
    Exam 2: Unit 11-20
  5. Question
    Explain What Is Meant by the Following Terms
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Explain What Is Meant by the Following Terms

Question 23

Question 23

Essay

Explain what is meant by the following terms:
(i) Audit risk
(ii) Inherent risk
(iii) Control risk
(iv) Detection risk

Correct Answer:

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:
(i) Audit risk
The risk that an audito...

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