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What is meant by risk in auditing

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Reference no: EM132940093

Questions -

What is meant by "risk" in auditing? Discuss the different types of risk assessment procedures.

What are the important considerations related to the risk of material misstatement due to fraud?

How are materiality and risk related and integrated into the audit process?

What is the difference between fraudulent financial reporting and misappropriation of assets?

Discuss the fraud triangle.

What are the three primary objectives of effective internal control? 

Discuss the five components of the COSO internal control framework.

Evaluate the process of designing and performing a test of internal controls.

Describe the five types of audit test used to determine if financial statements are fairly stated.

Reference no: EM132940093

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