Auditors need to identify audit risk in planning an audit engagement. In doing so, the audit risk model may be adopted. Require: Write the audit risk model in the two common ways it is often used by auditor. Each risk should be written in the model or named clearly for any abbreviations used.

Auditors need to identify audit risk in planning an audit engagement. In doing so, the audit risk model may be adopted. Require: Write the audit risk model in the two common ways it is often used by auditor. Each risk should be written in the model or named clearly for any abbreviations used.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Auditors need to identify audit risk in planning an audit engagement. In doing so, the audit risk model may be adopted.

Require:
Write the audit risk model in the two common ways it is often used by auditor. Each risk should be written in the model or named clearly for any abbreviations used.

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