Why is risk assessment in planning essential to ensuring that the audit is of high quality? How
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Why is risk assessment in planning essential to ensuring that the audit is of high quality?
How does the auditor assess client business risk? What is the relationship between client business risk and the risk of material misstatement?
What is the role of risk assessment procedures in planning the audit?
What types of preliminary analytical procedures does the auditor perform and how are the findings used in developing the audit plan?
Explain how the concept of materiality applies to the audit.
Explain how materiality is applied to evaluate audit findings.
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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