| | Risk-Based Auditing Methodology (30th Sep 25 at 8:20am UTC) | | Risk assessment in auditing involves identifying, analyzing, and evaluating potential risks that could affect an organization’s financial statements or operations. Auditors use this process to focus on high-risk areas, assess internal controls, and plan appropriate audit procedures. It enhances audit effectiveness and helps ensure accurate, reliable financial reporting.
https://www.sprintzeal.com/blog/fundamentals-of-risk-based-auditing | |
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