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samanthakay samanthakay
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2 years ago
When dealing with audit risk,

▸ auditors cannot accept any level of risk in performing the audit function.

▸ most risks that auditors encounter are relatively easy to measure.

▸ the audit risk model is only used for classes of transactions.

▸ the audit risk model helps the auditor to decide how much and what types of evidence to accumulate.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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deathnature9deathnature9
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