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Relationship between audit risk and materiality

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Reference no: EM13337602

Business Risk and Auditing.

Paper Requirements and Grading Rubric

Business risk is an important consideration when planning an audit. 85%

Please write a 8-10 page double spaced paper in your own words and using APA format discussing the following:

1. Why is business risk an important consideration when planning an audit? Be sure to address COSO's risk assessment component in your discussion.

2. What is the relationship between audit risk and materiality in auditing?

3. If you were an audit partner planning an audit, how would you evaluate the risk of your client?

4. What is the difference between audit risk and business risk?

Reference no: EM13337602

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