What steps can auditor take to perform a higher level audit

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Question: Consider the equation below that represents the audit risk models for two different accounts in an audit. A: .05 = .9 x .8 x .0694 B: .05 = .9 x .3 x .1852 (1) Identify and define each term. Be complete nd specific. (2) For which account (A or B) will the audit team have to perform a higher level audit and why? (3) What steps can an auditor take to perform a higher level audit?

Consider the equation below that represents the audit risk models for two different accounts in an audit. A: .02 = .8 x .4 x .0625 B: .02 = .3 x .7 x .0952 (1) Identify and define each term. Be complete nd specific. (2) For which account (A or B) will the audit team have to perform a higher level audit and why? (3) What steps can an auditor take to perform a higher level audit?

Consider the equation below that represents the audit risk models for two different accounts in an audit. A: .03 = .2 x .8 x .1875 B: .03 = .5 x .6 x .1000 (1) Identify and define each term. Be complete nd specific. (2) For which account (A or B) will the audit team have to perform a higher level audit and why? (3) What steps can an auditor take to perform a higher level audit?

Reference no: EM133419896

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