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How is audit risk affected by inherent risk

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Reference no: EM131020777

In planning and performing an audit, auditors assess the risks associated with an audit using various analytical techniques, experience, and knowledge of the company and industry. How is audit risk affected by inherent risk, control risk, and detection risk?

Be sure to substantiate your findings by reviewing Statements on Auditing Standards (SAS) on the American Institute of CPAs (AICPA) website.

https://www.aicpa.org/Research/Standards/AuditAttest/ASB/Pages/AuditingStandardsBoard.aspx

Reference no: EM131020777

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