What is meant by acceptable audit risk

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Reference no: EM132784081

Problem 1: Why should the auditor consider client business risk when determining acceptable audit risk?

Problem 2: What is meant by acceptable audit risk? What is its relevance to evidence accumulation?

Problem 3: Describe which two factors of the audit risk model relate to the risk of material misstatement at the assertion level.

Reference no: EM132784081

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