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annyan annyan
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A year ago
Which of the following statements is not true?

▸ Inherent risk is inversely related to the amount of audit evidence whereas detection risk is directly related to the amount of audit evidence required.

▸ Inherent risk is directly related to evidence whereas detection risk is inversely related to the amount of audit evidence required.

▸ Inherent risk is the susceptibility of the financial statements to material error, assuming no internal controls.

▸ Inherent risk and control risk are assessed by the auditor and function independently of the financial statement audit.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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localbabe10localbabe10
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A year ago
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annyan Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
dearsophia21
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Yesterday
Thanks
sadiewolf
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2 hours ago
Thank you, thank you, thank you!
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