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Types of risk associated with the auditing process

Problem:

There are many different types of risk associated with the auditing process. An effective auditor must take the risks into consideration during the auditing process as well as the relationships between the various risks. Discuss the difference in sampling risk and detection risk as well as the relationship between the two risks. What types of substantive procedures can an auditor use to restrict detention risk?

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Other Management: Types of risk associated with the auditing process

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