Documentation of risk assessment procedures and responses to risks of misstatement should include all of the following except a summary of the identified risks of misstatement. a copy of the client's risk assessment template. the auditor's responses to the risks of material misstatement. the auditor's assessment of risks of material misstatement at the financial statement and assertion levels.
Documentation of risk assessment procedures and responses to risks of misstatement should include all of the following except a summary of the identified risks of misstatement. a copy of the client's risk assessment template. the auditor's responses to the risks of material misstatement. the auditor's assessment of risks of material misstatement at the financial statement and assertion levels.
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
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
Problem 37CYBK
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