Inherent risk and control risk differ from detection risk in which of the following ways? A. Inherent risk and control risk are calculated by the client B. inherent risk and control risk exist independently of the audit. C. Inherent risk and control risk are controled by the auditor. D. Inherent risk and control risk exist as a result of the auditor's judgement about materiality.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Inherent risk and control risk differ from detection risk in which of the following ways?

A. Inherent risk and control risk are calculated by the client

B. inherent risk and control risk exist independently of the audit.

C. Inherent risk and control risk are controled by the auditor.

D. Inherent risk and control risk exist as a result of the auditor's judgement about materiality.

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