Outline the procedures auditors may perform: (i) To assess the risk of the financial statements being materially
Question:
Outline the procedures auditors may perform:
(i) To assess the risk of the financial statements being materially misstated as a result of fraud.
(ii) To respond to the possibility of the financial statements being materially misstated as a result of management overriding the auditee’s internal controls.
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i Assessing the Risk of Material Misstatement due to Fraud 1 Inquiries The audit team would inquire about the managements views on the risks of fraud ...View the full answer
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Related Book For
Principles Of External Auditing
ISBN: 9780470974452
4th Edition
Authors: Brenda Porter, Jon Simon, David Hatherly
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