Question: Advanced Auditing question Material Misstatement in the Purchasing Process Managing the risk of material misstatement in the purchasing process is critical. Identify two different industries

Advanced Auditing question

Material Misstatement in the Purchasing Process

Managing the risk of material misstatement in the purchasing process is critical.

  • Identify two different industries and analyze how these risks differ from one industry to the other.
  • Also, identify internal controls that could help to keep these misstatements to a minimum.

Be sure to respond to at least one of your classmates' posts.

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