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Author Question: An acceptable audit risk assessment of low indicates a risky client requiring more extensive ... (Read 35 times)

meganh99

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on: Aug 21, 2022

Question 1

When the auditor is attempting to determine the extent to which external users rely on a client's financial statements, they may consider several factors except for
◦ client size.
◦ concentration of ownership.
◦ nature and amounts of liabilities.
◦ assessment of detection risk.

Question 2

An acceptable audit risk assessment of low indicates a risky client requiring more extensive evidence, assignment of more experienced personnel, and/or a more extensive review of audit files.
◦ true
◦ false
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by meganh99 on Aug 21, 2022

3ginamay

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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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meganh99

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

Mochi

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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