Identify the differences in audit risk assessment

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An assessment of control risk helps the auditor make judgments about the characteristics, selection, and extent of audit procedures. Ultimately, tests of controls provide evidence on which to base the auditor's opinion. In estimating risk, the steps that an auditor must take are required. Please state what steps an auditor needs to take?

Next, please identify the differences in audit risk assessment using the two main audit strategies and please explain what things an auditor must ensure in identifying controls...?

Keywords :

1. What to do or steps to be clear

2. How to identify differences in risk assessment should be clear

3. What must be done to identify controls must be appropriate

4. The time of collection of assignments must be right

Reference no: EM133078076

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