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Unformatted text preview: etween established Auditing should be done by a competent, Auditing competent independent person. 1-3 Economic Demand for Auditing
Information risk reflects the possibility that the information upon which the business risk decision was made was inaccurate. Auditing can have a significant effect on information risk. 1-4 Relationships Among Auditors, Relationships Client, and External Users Client,
Client or audit committee hires auditor Auditor Auditor issues report relied upon by users Client External Users
1-5 Causes of Information Risk
Remoteness of information Biases and motives of the provider Voluminous data Complex exchange transactions 1-6 Assurance Services
Assurance services are professional services that improve the quality of information for decision makers. Assurance se...
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This note was uploaded on 11/15/2010 for the course BUSI BUS taught by Professor Gg during the Spring '10 term at CUNY Baruch.
- Spring '10