The audit risk model that must be used for planning audit procedures and evaluating audit results is:
DR
IR × CR = AAR.

Name: The audit risk model that must be used for planning audit procedures and evaluating audit results is: DR IR × CR = AAR.
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Quizplus · Accepted Answer

The correct audit risk model is AR = IR × CR × DR, where AR is audit risk, IR is inherent risk, CR is control risk, and DR is detection risk. AAR (acceptable audit risk) is not part of the equation.

The Audit Risk Model That Must Be Used for Planning