What is inherent risk? How can the auditor measure it? What are the implications for the audit

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What is inherent risk? How can the auditor measure it? What are the implications for the audit risk model if the auditor assesses inherent risk at less than 100%?

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Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

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Question Posted: Dec 29, 2012 05:53 AM

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What is inherent risk? How can the auditor measure it? What are the implications for the audit

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Inherent risk is the susceptibility of transactions to be recorded in error More formally it is defi...View the full answer

Auditing a business risk appraoch

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