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Auditing - The Risk-Based Approach
Title: Auditing - The Risk-Based Approach
Category: Business & Economy / Accounting
Details: Words: 1528 | Pages: 6.5 (approximately 235 words/page)
Auditing - The Risk-Based Approach
Auditing - The Risk-Based Approach
Introduction
Risk, plays a large part in the world of Auditing. Audit risk, represents risk to an auditor or an audit firm, as the risk of paying damages to a client may arise out of negligent work when trying to show a true and fair view of a set of company accounts. All audit work involves some level of risk; this may be because a set of company accounts have been …showed first 75 words of 1528 total…
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…showed last 75 words of 1528 total…must be identified '...in which auditors' judgement of inherent risk and control risk can become more accurate and consistent'.
REFERENCES
Grobstein M, Loeb S, Neary R, (1985) Auditing: A Risk Analysis Approach, Richard D. Irwin, Inc
Millichamp A (2002) Auditing, 8th Edition, Continuum
Sherer M, Turley S, (1998) Current Issues in Auditing, 3rd Edition, Paul Chapman
Venables J.S.R, Impey K.M, (1991) Internal Audit, 3rd Edition, Butterworth & Co
Woolf E (1988) Auditing Today, 4th Edition, Prentice Hall
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