Question: Auditors often use analytical procedures as substantive procedures to reduce detection risk relating to specific financial statement assertions. Explain FOUR (4) factors that determine the
Auditors often use analytical procedures as substantive procedures to reduce detection risk relating to specific financial statement assertions. Explain FOUR (4) factors that determine the extent of reliance that the Auditors may place on analytical procedures to reduce detection risk. In this questions please identify the risk, define detention risk, how can auditors reduce detention risk, what is analitacl procedurs, how can auditors used anaylical procedures to reduce detection risk, also identify the
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