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problem 1:

List and describe four assertions about classes of transactions and events for period under audit.

problem 2:

How do control risk and inherent risk distinct from detection risk?

problem 3:

Make a distinction between errors and fraud. Provide one ex of each.

problem 4:

List and briefly illustrate the three (3) major steps in applying materiality to the audit.

problem 5:

What are the five (5) inter-related components of internal control? In brief discuss them.

Auditing, Accounting

  • Category:- Auditing
  • Reference No.:- M99722

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