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After testing of controls, the auditor has revised their opinion on control risk for an assertion downward. In what direction does this cause the auditor
After testing of controls, the auditor has revised their opinion on control risk for an assertion downward. In what direction does this cause the auditor to revise the inherent risk, risk of material misstatement and detection risk? Discuss two ways this revision can affect the substantive procedures the auditor will perform?
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When the auditor revises their opinion on control risk for an assertion downward it affects the assessment of inherent risk risk of material misstatement and detection risk as follows 1 Inherent Risk ...
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
