L22 Notes_Part_17 - Perform tests of controls and...

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© W.R. Knechel Audit Risk Model Audit Risk Detection Risk Control Risk Inherent Risk = X X Risk Assessment and Results of Knowledge Acquisition Focus of Substantive Testing
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Four Phases of an Audit Plan and design audit approach
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Unformatted text preview: Perform tests of controls and substantive tests of transactions Perform analytical procedures and tests of details of balances Complete the audit and issue an audit report PHASE 1 PHASE 2 PHASE 3 PHASE 4 Arens, Elder Beasley...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

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L22 Notes_Part_17 - Perform tests of controls and...

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