Imagine that you are a senior auditor and your firm has been selected to audit a medium-sized company with a single location.
Provide an overview of the company.
Describe the four phases of an audit and discuss the key factors that would help you determine how to plan the audit for this company. Provide specific examples.
Determine both the relationship of risks in the planning of the audit and factors that influence those risks.
Speculate on which type of risk creates the most uncertainty for the auditor and recommend at least two ways to plan the audit to mitigate those risks. Provide specific examples.
Be sure to respond to at least one of your classmates’ posts.
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Assume you are a senior auditor, and your firm has been chosen to audit a medium-sized company with a single location.
Give an overview of the business.
Describe the four stages of an audit and discuss the key factors that will help you plan the audit for this company. Please provide specific examples.
Determine the relationship of risks in audit planning as well as the factors that influence those risks.
Speculate on which type of risk creates the most uncertainty for the auditor and recommend at least two ways to plan the audit to mitigate those risks. Please provide specific examples.
Be sure to respond to at least one of your classmates’ posts.
