Risk assessment procedures should, at a minimum, be a combination of inquires of management and others within
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Risk assessment procedures should, at a minimum, be a combination of inquires of management and others within the entity, analytical procedures, and observation and inspection.
Required:
Give the advantages and disadvantages for each of these assessment procedures.
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Related Book For 
Principles Of Auditing An Introduction To International Standards On Auditing
ISBN: 9780273684107
2nd Edition
Authors: Rick Stephan Hayes, Roger Dassen, Arnold Schilder, Philip Wallage
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