Risks and liability factors in an audit

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Reference no: EM13760608

What are the risks and liability factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks and liability factors?

What are the relevant financial statement assertions? What do they mean? Interpret them in your own words. I think this was one of the harder things for me to grasp until I gained some real work experience in the audit field. They are important concepts to understand, however.

Reference no: EM13760608

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