Posted: June 7th, 2023

University of Florida ACG 5637 assume the audiotr is doing a first year adudit of a company

assume the audiotr is doing a first year adudit of a company and concludes that the internal control structure is not likely to be effectiveexplain why the auditor is lkely to set both inherent and control risks at 100% for most segmentsassuming above, explain the relationship of acceptable audit risk to planned detection riskassuming above, expain the effect of planned detection risk on evidence accumulation compared with its effect if planned detection risk were largerassume the auditor is doing 3rd year audit of the company, concludes that internal controls are effective and inherent risk is lowfor the audit of fixed asset accounts, assume inherent and control risks of 50% each, and an acceptable audit risk of 5%, calculate planned detection riskfor above, expalin the effect of detection risk on evidence accumulation compared with its effect if planned detection risk were smallerassume the auditor is doing the 5th year audit of the company,concludes that audit risk can be set high and inherent and control risk should be set lowwhat circumstances would result in these conclusionfor the audit of repairs and maintenance , inherent risk and control risk are set at 20%each. audit risk is 5%. calculated planned detection riskhow much evidence should be accumulated in this situation

Tags: Ace My Homework: Essay Help, Assignment Help: USA's #1 Online Assignment Writing Service, Do My Assignment for Me Online - Write Academic Papers, Reliable Online Homework Help For You