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Accounting Issue Add in library

Referencing Styles : Oxford
Audit Risk may be defined as the possibility of financial misrepresentation, either voluntary or involuntary, being unreported by the auditor. The firm’s reputation is put at great risk if unqualified audits are given to firms who undertake financial misrepresentation. Arthur Anderson, a major audit firm, became bankrupt from various litigations in 2002 when it was found the firm was negligent in its audit duties. Audit planning ensures such an event is avoided. Audit Risk Model (ARM) A ...

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Tags: Australia  New South Wales  Accounting Accounting Accounting Standards and Theory University of New South Wales (UNSW) Accounting-LMU21 



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