At the end of the audit, the auditor reconsiders their assessment of internal control and fraud risk. To perform this evaluation, auditors must consider the involvement of those charged with governance. consider management's opinion on the significance of the qualitative factors involved. use professional judgement. use professional scepticism.
At the end of the audit, the auditor reconsiders their assessment of internal control and fraud risk. To perform this evaluation, auditors must consider the involvement of those charged with governance. consider management's opinion on the significance of the qualitative factors involved. use professional judgement. use professional scepticism.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:At the end of the audit, the auditor reconsiders their assessment of internal control and fraud risk. To perform this evaluation,
auditors must
consider the involvement of those charged with governance.
consider management's opinion on the significance of the qualitative factors involved.
use professional judgement.
use professional scepticism.
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