How can the risk model be expanded to incorporate limitations to the audit that arise from accounting and other business risks?
Answer to relevant QuestionsExplain the business risk–based approach to the audit. What is its purpose?What are the implications of a business using e-commerce on its business analysis?How can business risks be managed? What is the auditor’s main purpose in understanding the auditee’s internal control system?What is the relationship between business risk and audit risk?
Post your question