MAIN APPROACHES TO RISK-BASED AUDIT
DOI:
https://doi.org/10.55640/Keywords:
risk assessment, audit procedures, material misstatements, audit risks, controls, inherent risk.Abstract
An audit is a fairly complex process, and it is also limited in time. Therefore, to ensure high quality work, it is necessary to prepare for it thoroughly. A necessary means of such preparation is a comprehensively thought-out plan that would create confidence in the performers that the most effective and efficient audit procedures are used.
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