Analyze the primary ways in which auditors would use the information from downgrades to assess business risk or evaluate the likelihood that the downgrades would impact the auditor's assessment of the client's business environment. Ascertain the major ways in which this information would impact the audit risk model equation. Support your position.

Answer rating: 100% (QA)

According to the questionauditor have to make judgement concerning materiality on every audit Since there is no principal or hard ans fast rule for how to determine materialirty of audit Auditor must ... View the full answer