Question: Justify at least 1 0 selections from the appropriate / inappropriate options. When doing so , consider the following: Describe how risk assessments influence an

Justify at least 10 selections from the appropriate/inappropriate options. When doing so, consider the following:
Describe how risk assessments influence an audit strategy
Describe applicable audit strategies for a given engagement
1. Whether the method off sampling is likely to be approved by client? Inappropriate
2. Personnel available? Appropriate
3. Timing of the work to be performed? Appropriate
4. Minutes of stockholders' and board of directors' meetings? Appropriate
5. Whether their investments in client stock are material? Inappropriate
6. Client's credit rating? Appropriate
7. Is the scope of substantive testing appropriately decreased? Inappropriate
8. Obtaining management's written assurance that no employees have committed any illegal acts of any type? Inappropriate
9. Identifying areas that may represent specific risks relevant to the audit? Appropriate
10. Evaluating the overall financial statement presentation? Inappropriate

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