Loose-leaf For Auditing & Assurance Services: A Systematic Approach
Loose-leaf For Auditing & Assurance Services: A Systematic Approach
11th Edition
ISBN: 9781260687637
Author: William F Messier Jr, Steven M Glover Associate Professor, Douglas F Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 4, Problem 4.32P

A

To determine

Introduction: Business risk refers to the risk which may affect the profit earning capacity of the firm due to unforeseen circumstances which may appear in the near future.

To describe: Business risks that NS, a bio-tech firm is likely to face being a start-up company.

B

To determine

Introduction:Business risk refers to the risk which may affect the profit earning capacity of the firm due to unforeseen circumstances which may appear in the near future.

To describe: The effect of management risk on the decision of the auditor to accept the firm as a client

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