Auditing: A Risk Based-Approach to Conducting a Quality Audit
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN: 9781305080577
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: South-Western College Pub
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Chapter 7, Problem 38RSCQ

a

To determine

Introduction: Relationship between risk of material misstatement and detection of audit risk

To explain: The direct relation between the risk of material misstatement and audit risk and detection risk.

b

To determine

Introduction: Relationship in the changes in the risk of material statement and the audit risk and detection risk.

To describe: The increase or decrease in the risk of material misstatement and the relationship and corresponding impact in the audit risk and detection risk.

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