(Answered) Questions - principles of auditing1- define audit risk2-

Accounting

Questions - Principles of Auditing

1- Define Audit Risk?

2- Explain the Audit Risk Model?

3- Describe 3 main risk assessment procedures?

4- Explain the difference between Error & Fraud?

5- Describe the two types of Fraud?

6- Describe the 3 conditions that can cause Fraud?

7- Describe the required documentation for the Auditor's risk assessment and response?

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