Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
10th Edition
ISBN: 9780077732509
Author: William F Messier Jr, Steven M. Glover Associate Professor, Douglas F. Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 1, Problem 1.24P
To determine

Introduction: Information risk is the risk that the information which was used to estimate the business risk was inaccurate.

To explain: The factors that make an audit necessary and valuable for a company.

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