Why is risk reassessment such a critical part of the review of internal controls?

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Internal Auditing: Principles And Techniques

ISBN: 9780894131677

1st Edition

Authors: Richard L. Ratliff, W. Wallace, Walter B. Mcfarland, J. Loeboecke

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Question Posted: May 05, 2024 05:01 AM

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Why is risk reassessment such a critical part of the review of internal controls?

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Risk reassessment is a critical part of the review of internal controls because it ensures that auditors stay abreast of changes in the business envir...View the full answer

Internal Auditing: Principles And Techniques

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