Audit procedure : Audit procedure is a method performed by the auditor, to gather the possible document that helps the auditors to make a strong conclusion. The audit procedure helps to determine the nature of the financial information provided by the customers and all kinds of risks that occur in the financial statements. Audit procedure performs different test of controls to avoid the risks. To discuss: The factors that the auditor should consider in assessing the inherent risk for intangible assets and the property management process.

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Chapter 14, Problem 14.7RQ

To determine

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Audit procedure: Audit procedure is a method performed by the auditor, to gather the possible document that helps the auditors to make a strong conclusion. The audit procedure helps to determine the nature of the financial information provided by the customers and all kinds of risks that occur in the financial statements. Audit procedure performs different test of controls to avoid the risks.

To discuss:The factors that the auditor should consider in assessing the inherent risk for intangible assets and the property management process.

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