What is the auditor’s responsibility for detecting and communicating misstatements?
Answer to relevant QuestionsWhat findings are auditors required to communicate to management? to the audit committee or board of directors?Describe the two extreme cases of control risk assessment that an auditor could encounter in practice. How does the auditor’s control risk assessment affect the preliminary audit program? How does the auditor’s control risk assessment relate to audit risk?What steps are involved in a control risk assessment?
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