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Home Q & A Board Other Fields Homework Help Business Accounting
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melisooflyy melisooflyy
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A year ago
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.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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jjwatsonjjwatson
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A year ago
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melisooflyy Author
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A year ago
Thanks
djeghri
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Thank you, thank you, thank you!
Fanmkreyol
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This helped my grade so much Perfect
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