Unformatted text preview: inherent & control risks are increased? 3. Can you explain the relationship between Audit Risk and Evidence? 4. Can you identify which types of evidence has more strength (is more persuasive)? 5. Can you explain the general objectives for the auditor's substantive procedures (tests) with respect to assets? Remember these are also called the Management Assertions. Chapter 7 & 9 Here are some questions to test your knowledge. 1. Do you know what the overall Goal for Internal Control is? 2. Can you identify the overall audit process steps? 3. Can you destinguish between Sampling Risk and Non-Sampling Risk? 4. Can you destinguish between Attribute & Variable Sampling? 5. What is Stratification?...
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- Spring '11
- Accounting, Financial audit, generally accepted auditing, overall audit process