The effective use of the audit risk model at the account level

Content Statement on Auditing Standards No. 39 Control Risk INTERNAL CONTROL QUALITY AND AUDIT PRICING UNDER THE SARBANES-OXLEY ACT Inherent risk Inherent risk is higher when there’s estimation or transactions have layers of complexity. In other words, audit risk is the result of what the company does and what the auditor does . 5.Audit Risk …

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