Question: Assume that you are responsible for designing the audit procedures to detect fraud at Albertos Grocery Store. a. Describe how you would identify risk factors

Assume that you are responsible for designing the audit procedures to detect fraud at Alberto’s Grocery Store.
a. Describe how you would identify risk factors for a small independent grocery store.
b. How will you use the auditing standard concepts of “sufficient appropriate evidence” and “professional skepticism” in your planning process?

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