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Using your knowledge of the relationships among acceptable audit risk, inherent risk, control risk, planned detection risk, performance materiality, and planned evidence, state the effect on planned evidence (increase or decrease) of changing each of the following factors, while the other factors remain unchanged.
Increase or Decrease in Planned Evidence?
1. an decrease in acceptable audit risk
2. an increase in inherent risk
3. an decrease in control risk
4. a decrease in planned detection risk
5. a increase in performance materiality
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