What are the steps that need to be done by an auditor

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Reference no: EM133071909

Question - 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 taken by an auditor are needed. Please put forward what are the steps that need to be done by an auditor? 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?

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 the appropriate controls?

4. The time of collection of assignments must be right.

Reference no: EM133071909

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