Consult Paragraphs 8-10 of PCAOB Auditing Standard No. 13.Comment about how your understanding of the inherent risks
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As a general rule the lower the risk of material misstatement the less audit attention is needed during the audit It therefore follows that the higher ...View the full answer
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Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics
ISBN: 978-0078025563
4th edition
Authors: Jay Thibodeau, Deborah Freier
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