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What is your understanding of how a risk-based audit may address these concerns? Explain how you woulddescribe to the management team the difference between a

  • What is your understanding of how a risk-based audit may address these concerns?
  • Explain how you woulddescribe to the management team the difference between a compliance and a substantive audit. Provide examples to help clarify your explanation.
  • Which type of audit should be performed in this project and why?

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