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Author Question: In a financial statement audit, inherent risk is evaluated to help an auditor assess which of the following? (Read 76 times)

madimontg

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on: Aug 21, 2022
In a financial statement audit, inherent risk is evaluated to help an auditor assess which of the following?
◦ the internal audit department's objectivity in reporting a material misstatement of a financial statement assertion it detects to the audit committee
◦ the risk that the internal control system will not detect a material misstatement of a financial statement assertion
◦ the risk that the audit procedures implemented will not detect a material misstatement of a financial statement assertion
◦ the susceptibility of a financial statement assertion to a material misstatement, assuming there are no related controls
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by madimontg on Aug 21, 2022

Sha

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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madimontg

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

kalskdjl1212

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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