Explain briefly the importance of each of the following as risk assessment procedures: (i) Touring the clients

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Explain briefly the importance of each of the following as risk assessment procedures:

(i) Touring the client’s premises.

(ii) Reading trade journals and magazines.

(iii) Reviewing the client’s documentation.

(iv) Reviewing prior years’ audit working papers and drawing on past experience with the client.

(v) Discussion among engagement team members.

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Principles Of External Auditing

ISBN: 9780470974452

4th Edition

Authors: Brenda Porter, Jon Simon, David Hatherly

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Question Posted: Jan 27, 2024 11:01 PM

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Explain briefly the importance of each of the following as risk assessment procedures: (i) Touring the clients

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i Touring the Clients Premises Touring the clients premises gives auditors direct physical evidence ...View the full answer

Principles Of External Auditing

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