Question
Explain the audit risk model, and the components of audit risk. Which components are determined by the auditor, and which are based upon the auditors
Explain the audit risk model, and the components of audit risk. Which components are determined by the auditor, and which are based upon the auditor’s assessment of the client?
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Step: 1
Audit Risk is the risk that an auditor expresses an inappropriate opinion on the financial statements Components of Audit risk include INherant risk Control risk and Detection risk Inherent Risk Inher...
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Step: 2
Step: 3
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th edition
132567237, 978-0132998345, 132998343, 978-0132567237
