What is the magnitude of audit risk if inherent risk is .50, control risk is .40, and detection risk is .10?
a. .20.
b. .10.
c. .40.
d. .04.
Answer: D
What is the magnitude of audit risk if inherent risk is .50, control risk is .40, and detection risk is .10?
a. .20.
b. .10.
c. .40.
d. .04.
Answer: D