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Discuss which accounts and assertions are at risk

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Reference no: EM131769717

This is an auditing question/ inherent risks.

If your company is under a lot of financial stress and therefore your management is under pressure, which accounts and assertions are at risk?

Which audit procedure would you use to verify the assertions?

Example: REVENUE (Account) Accuracy (Assertion) Inspection of Documentation (Audit Procedure/ Evidence).

Reference no: EM131769717

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