Using the audit risk model, state the effect on control risk, inherent risk, acceptable audit risk, and planned evidence for each of the following independent events
ASSIGNMENT Below are 10 independent risk factors: 1. The client is one of the industry’s largest based on its size and market share.2. The company is publicly traded.3. The client fails to reconcile bank accounts to recorded cash balances.4. The audit program omits several necessary audit procedures.5. The allowance for doubtful accounts is based on […]