Discuss inability to obtain the experienced audit team


Question: Based on the audit planning, the audit partner and her audit manager concluded that their next audit engagement requires experienced audit senior and experienced audit staff. However, they were unable to schedule experienced audit senior and staff and, instead were only able to schedule a first-year senior and new hires. Which of the following risks is most likely to increase as a result of the partner's and manager's inability to obtain the experienced audit team they felt they needed? Group of answer choices Control risk Inherent risk Detection risk Risk of material misstatement

 

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Accounting Basics: Discuss inability to obtain the experienced audit team
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