Why does is planning an audit important part of the risk assessment process? Explain the purpose of
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Question:
Why does is planning an audit important part of the risk assessment process?
Explain the purpose of the major types of analytical procedures
At what point during the planning process are analytical procedures most effective?
Expert Answer:
Answer Planning an audit is a critical part of the risk assessment process because it helps auditors understand the entitys business environment internal controls and inherent risks By thoroughly plan... View the full answer
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