True or false 9. The control risk is the risk of auditors fail to detect material misstatement leads to detection risk. Explain why?
True or false 9. The control risk is the risk of auditors fail to detect material misstatement leads to detection risk. Explain why?
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter7: Planning The Audit: Identifying, Assessing, And Responding To The Risk Of Material Misstatement
Section: Chapter Questions
Problem 5CYBK
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True or false
9. The control risk is the risk of auditors fail to detect material misstatement leads to detection risk.
Explain why?
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