Explain how the risk of material misstatement should be assessed and how detection risk could be affected by the assessment.
Accounting Assignment Question(s): Q1. Read the following situations and explain how the risk of material misstatement should be assessed and how detection risk could be affected by the assessment. Kelvin is a trucking company. The company is publicly held, and growing rapidly throughout the southeast. But Richard Kelvin and his sons control 55 % of […]