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Author Question: Which is a true statement about audit risk? (Read 46 times)

jojoperlo_

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on: Aug 21, 2022
Which is a true statement about audit risk?
◦ Audit risk measures the risk that a material misstatement could occur and not be detected by internal control.
◦ When auditors decide on a higher acceptable audit risk, they want to be more certain that the financial statements are not materially misstated.
◦ Audit assurance is the complement of acceptable audit risk.
◦ There is an inverse relationship between acceptable audit risk and planned detection risk.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by jojoperlo_ on Aug 21, 2022

Rcfelber

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jojoperlo_

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it

Dominic

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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