yorregos1537 yorregos1537
  • 24-02-2018
  • Business
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How do inherent risk and control risk differ from detection risk?

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Wisely
Wisely Wisely
  • 24-02-2018
They exist independently of the audit of financial statements, whereas detection risk relates to the auditor's procedures and can be changed at his or her discretion. Detection risk should bear an inverse relationship to inherent and control risk.
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