Auditors do not create or control detection risk;they can only try to assess its magnitude.
Correct Answer:
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Q22: The audit objective related to existence is
Q23: An organization with a very hierarchical structure
Q24: To help achieve good governance,international best practice
Q25: There are two parts to business risk
Q26: As control risk gets smaller,audit risk gets
Q28: Control risk is the probability that audit
Q29: A completeness error occurs when an account
Q30: Inherent risk and control risk differ from
Q31: Control testing procedures provide no direct evidence
Q32: The only component of audit risk that
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