Assessing control risk is an important part of planning an audit. a. List factors that would lead

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Assessing control risk is an important part of planning an audit.

a. List factors that would lead auditors to assess control risk at a higher level.

b. Discuss the auditor’s risk assessment procedures for assessing control risk, and provide specific procedures related to understanding management’s risk assessment component of internal control.

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Auditing A Risk Based Approach

ISBN: 9780357721872

12th Edition

Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg

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Question Posted: Sep 22, 2023 10:08 PM

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Assessing control risk is an important part of planning an audit. a. List factors that would lead

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a The following is a list of factors that would lead the auditor to assess control risk at a higher level Poor controls in specific countries or locations Difficulty for the auditor to determine or ga...View the full answer

Auditing A Risk Based Approach

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