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Unformatted text preview: factors. 3. How information that is obtained is factored into audit planning. 4. How the " audit team " interacts and works together for the good of the client and the firm. Discussion questions: 1. What inherent risk and control risk factors come to light in Act II, and how do they influence audit planning? 2. How does the audit team deal with the apparently poor relationship with key client personnel (the controller)? 3. What potential management letter recommendations are discovered in Acts II & III? 4. How would you characterize the audit “strategy” (i.e., the type of audit approach) discussed in Act III?...
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This note was uploaded on 04/22/2011 for the course ACCY 360 taught by Professor T during the Spring '08 term at Northern Illinois University.
- Spring '08