Problem regarding the audit planning


Problem: 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. Unless they can schedule the experienced audit team they felt they needed, which of the following best describes the situation that is likely to occur? Group of answer choices The audit team will likely not be able to achieve the acceptable level of audit risk The audit team will likely have to audit given a higher level of control risk The audit team will likely have to audit given a higher level of inherent risk All of these

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Accounting Basics: Problem regarding the audit planning
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