Question
In this part of your assignment, you will examine the firm's audit documentation in relation to the auditors' performance on several risk assessment procedures. Please
In this part of your assignment, you will examine the firm's audit documentation in relation to the auditors' performance on several risk assessment procedures. Please complete the following tasks:
Research, cite, and summarize the auditing standards as they relate to the auditors' responsibilities in the following areas:
a.) obtaining and documenting an understanding of the client's environment, including internal controls.
b.) Materiality assessment in planning and performing the audit.
c.) The audit risk model.
d.) Preliminary analytical procedures.
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