Question: A- Analytical procedures are extremely useful through the audit process. Explain how analytical procedures are useful in the risk assessment stage of audit and the

A- Analytical procedures are extremely useful through the audit process. Explain how analytical procedures are useful in the risk assessment stage of audit and the substantive procedure stage of audit.

B- Describe the risk of material misstatement of an assertion. List two components that make up this risk.

C- Compare the objective of internal auditors with those of independent auditors.

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