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dcooper78 dcooper78
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A year ago
Which of the following statements regarding inherent risk is correct?

▸ Inherent risk is unaffected by the auditor's experience with client's organization.

▸ Most auditors set a low inherent risk in the first year of an audit and increase it if experience shows that it was incorrect.

▸ Most auditors set a high inherent risk in the first year of an audit and reduce it in subsequent years as they gain more knowledge about the company.

▸ Inherent risk is dependent upon the strengths in client's internal control system.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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twnklstrtwnklstr
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A year ago
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dcooper78 Author
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A year ago
Smart ... Thanks!
Brownr40
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Yesterday
Thank you, thank you, thank you!
Helpmeplease11
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2 hours ago
Thanks
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