Auditing: A Risk Based-Approach to Conducting a Quality Audit
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN: 9781305080577
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: South-Western College Pub
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Chapter 8, Problem 34RSCQ
To determine

Introduction: Internal control risks are risks which affects the effectiveness and controllability of the internal controls. The book value risks are those risks which affect the status of the conclusion of the account.

Requirement 1

Define the incorrect acceptance and rejection risk of internal control reliability and book value.

To determine

Introduction: Internal control risks are risks which affects the effectiveness and controllability of the internal controls. The book value risks are those risks which affect the status of the conclusion of the account.

Requirement 2

Most concerning risk for the auditor among four.

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