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Unformatted text preview: relationships among the foregoing factors, state the effect on planned evidence (increase or decrease) of changing each of the following four factors, while the other three remain constant. i. A decrease in audit risk. ii. A decrease in control risk. iii. A decrease in inherent risk. iv. An increase in control risk and a decrease in inherent risk and which requires the least? Audit Risk Model AAR/(IR x CR) = PDR Procedures to Obtain an Understanding of Internal Control (UIC) Tests of Controls (ToC) + Substantive Tests of Transactions (SToT) Analytical Procedures (ARP) Tests of Details of Balances (DTB) Sufficient Competent Evidence per GAAS + + + = Types of Audit Tests:...
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- Fall '08
- 5 percent, Redwood City