Business, 12.11.2019 04:31 parkerwallace04

Assume for client x that inherent risk is assessed at 30%, control risk is assessed at 100%, audit risk is 5%, and detection risk is therefore determined to be 17%. assume for client z that inherent risk is assessed at 100%, control risk is assessed at 100%, audit risk is 1%, and detection risk is therefore determined to be 1%. what is true about the amount of audit work that will need to be conducted? a. client x will require more audit work than client z. b. client z will require more audit work than client x. c. both clients will require a similar amount of audit work. d. the auditor will most likely resign from the client z audit because the inherent risk and control risk are so high.

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Assume for client x that inherent risk is assessed at 30%, control risk is assessed at 100%, audit r...

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