If the inherent risks associated with a companys audit have been considered lower than normal in previous

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If the inherent risks associated with a company’s audit have been considered lower than normal in previous years, would an auditor be justified in assuming that the inherent risks continue to be low without any further review?

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Auditing Theory And Practice

ISBN: 9780132408967

2nd Edition

Authors: John Dunn

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Question Posted: May 14, 2024 05:02 AM

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If the inherent risks associated with a companys audit have been considered lower than normal in previous

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No an auditor would not be justified in assuming that the inherent risks continue to be low without ...View the full answer

Auditing Theory And Practice

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