Identify how an increase in each of the following factors (assuming the other factors remain...
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Accounting
- Identify how an increase in each of the following factors (assuming the other factors remain unchanged) will affect planned audit evidence.
Audit risk
Inherent risk
Control risk
Detection risk
- Explain how auditors determine planning materiality and performance materiality. What happens if performance materiality is set too high or, alternatively, too low.
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