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Other Fields Homework Help Accounting Topic started by: npdtan92 on Jul 18, 2022



Title: When assessing the risk of material misstatements in the financial statements,
Post by: npdtan92 on Jul 18, 2022
When assessing the risk of material misstatements in the financial statements,

▸ inadequate internal control procedures will mitigate client business risk.

▸ GAAS specifies in detail how much and what types of evidence the auditor needs to obtain.

▸ company management is responsible for determining materiality levels.

▸ the auditor must understand the client's business and industry.


Title: When assessing the risk of material misstatements in the financial statements,
Post by: nemisis on Jul 18, 2022
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