Question: How is risk used to decide upon an audit requested by an auditee? What potential benefits do you think might accrue by conducting such audits?

How is risk used to decide upon an audit requested by an auditee? What potential benefits do you think might accrue by conducting such audits?

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Risk plays a crucial role in determining whether an audit is warranted and in guiding the focus of the audit itself When assessing whether to conduct ... View full answer

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