Answered: Direction: summarize each step of the…

Direction: summarize each step of the risk-based audit process. Testing of Controls Performing substantive procedures Overall review of the financial statements Issuing audit report

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 27CYBK

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Direction: summarize each step of the risk-based audit process.

Testing of Controls
Performing substantive procedures
Overall review of the financial statements
Issuing audit report

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