AUDITING LL W/ CONNECT <C>
AUDITING LL W/ CONNECT <C>
11th Edition
ISBN: 9781307416268
Author: MESSIER
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 6, Problem 6.9RQ
To determine

Concept Introduction:

Control risk is a function of the effectiveness of design, implementation and maintenance of internal control by management. Internal control can reduce the risk but cannot eliminate the risk of material misstatement. For example: There is a possibility of human errors.

To discuss: The requirements for documenting the assessed level of risk

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