Auditors would perform the following steps
in which order?
a. Determine audit risk; assess control risk;
determine detection risk; set materiality.
b. Set materiality; assess control risk;
determine detection risk; determine audit
risk.
c. Set materiality; determine audit
risk; assess control risk; determine
detection risk.
d. Determine audit risk; set materiality;
assess control risk; determine detection
risk.
in which order?
a. Determine audit risk; assess control risk;
determine detection risk; set materiality.
b. Set materiality; assess control risk;
determine detection risk; determine audit
risk.
c. Set materiality; determine audit
risk; assess control risk; determine
detection risk.
d. Determine audit risk; set materiality;
assess control risk; determine detection
risk.