Question: Other than providing a basis for identifying and assessing risks of material misstatement, what should designing and performing risk assessment procedures enable? The detection and

Other than providing a basis for identifying and assessing risks of material misstatement, what should designing and performing risk assessment procedures enable?

The detection and correction of risks of material misstatement. The design of further audit procedures. The prevention of material misstatements due to fraud. The collection of audit evidence that is corroborative of the audit team's expectations.

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