ACCT401 – Auditing Principles and Procedures – Assignment (1).
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1- What are the types of audit report opinions? When should an auditor issue each report?
2- What is the importance of Auditor’s Risk Assessment process? Detail your answer.
3- What is the difference between substantive analytical procedures and test of details? Detail your answer.
4- Discuss how does internal control assessment affects audit risk model?
IMPORTANT NOTE: Answer in your own words.