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Title: When assessing fraud risk, Post by: melisooflyy on Jul 24, 2022 When assessing fraud risk,
▸ fraud risk is assessed only at the overall financial statement level. ▸ the auditor's assessment of fraud risk should be ongoing throughout the audit. ▸ if the auditor concludes that there is a risk of material misstatement due to fraud, auditing standards require that the risks be treated as pervasive. ▸ auditing standards require that the auditor presume there is a risk of fraud in the inventory account. Title: When assessing fraud risk, Post by: jjwatson on Jul 24, 2022 Content hidden
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