Multiple Choice
When inherent risk is assessed as higher (i.e.more material errors are likely to exist) and control risk is assessed the same from one year to the next,what is the likely effect on detection risk?
A) Detection risk will increase.
B) Detection risk will decrease.
C) Detection risk will stay the same.
D) Detection risk will need less documentation.
Correct Answer:
Verified
Correct Answer:
Verified
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