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