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Author Question: Risk assessment procedures are performed by auditors during an audit in order to (Read 140 times)

swande

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on: Aug 21, 2022

Question 1

Many auditors perform extensive analytical procedures because
◦ they are required by GAAS.
◦ they pinpoint errors in accounts.
◦ they indicate areas of potential risk and misstatement.
◦ they are required for tests of controls.

Question 2

Risk assessment procedures are performed by auditors during an audit in order to
◦ determine the risk of material misstatement in the financial statements.
◦ determine the amount of testing of internal control.
◦ determine the extent of testing of details of balances.
◦ determine the extent of testing of transactions.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by swande on Aug 21, 2022

lhn821

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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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swande

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

Jsherida

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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