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Commerce · Q200

Auditing

Graduate and Post Graduate · Commerce · question 200

Q200

An auditor assesses control risk because it:

A.
Affects the audit risk
B.
Affects the level of detection risk that auditor may accept
Answer
C.
Helps him to fix materiality level for each financial assertion
D.
Is directly related to inherent risk

Answer: Option B

Solution

Answer: Option B
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