BAF 315: AUDITING I

Institution MASENO UNIVERSITY
Course BUSINESS AND ECONOMI...
Year 1st Year
Semester Unknown
Posted By Mwalimu Evans Okoyo.
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Pages 21 Pages
File Size 571.89 KB
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Description

ISA 315 further states that the auditor should obtain an understanding of the accounting and internal control systems sufficient to plan the audit and develop an effective audit approach. The auditor should use professional judgment to assess audit risk and to design audit procedures to ensure it is reduced to an acceptably low level.
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