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How do inherent risk and control risk differ from detection risk?
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Mar 27, 2019
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How do inherent risk and control risk differ from detection risk?
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Ijse
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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.
Robert Metzger
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Mar 31, 2019
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