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auditing plz help asap Auditors shall perform risk assessment procedures as part of the audit process.~ Required: a. At what stage of an audit should

auditing plz help asap

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Auditors shall perform risk assessment procedures as part of the audit process.~ Required: a. At what stage of an audit should auditors perform risk assessment procedures? (1 mark)+ b. List ALL the risk assessment procedures. (3 marks) H c. Claudia is planning the audit of the account receivables for ABC Company. She has assessed the following risks as low, medium, or high for the classification assertion in the account receivables.+ Balance- Audit Risk Inherent Control Detection Related Risk Risk Risk Assertions Classification Medium Lowe Lowe (1) What is the detection risk for the above classification assertion using the terms low, medium, or high? (2 marks) (ii) What level of audit evidence is required using the terms greatest or least? 4 (2 marks) (iii) Accordingly, how should the auditors allocate their resources for the above classification assertion using the terms greatest or least? (2 marks)

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