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ACC 411 Week 2 Homework Chapters 5 and 6: Questions and answers
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ACC 411 Week 2 Homework Chapters 5 and 6 2-1 Connect Homework: Chapters 5 and 6 30/30 total points awarded 8 Questions and Answers 7. Michael Green, CPA, is considering audit risk at the financial statement level in planning the audit of National Federal Bank (NFB) Company’s financial statements for the year ended December 31, 20X1. Audit risk at the financial statement level is influenced by the risks of material misstatements (including fraud risks), which may be indicated by a combination of factors related to management, the environment, and the entity. For each of the following factors, indicate whether it increases or decreases the risk of material misstatement and (2) whether it creates a risk of fraud.
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Institution
Southern New Hampshire University
Course
ACC 411 (ACC411)
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Written for
- Institution
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Southern New Hampshire University
- Course
-
ACC 411 (ACC411)
Document information
- Uploaded on
- May 16, 2021
- Number of pages
- 3
- Written in
- 2020/2021
- Type
- Class notes
- Professor(s)
- Doug
- Contains
- All classes
Subjects
- control risk
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1 state whether each of the following statements is correct or incorrect concerning audit risk and its components—inherent risk
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and detection risk
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2 which of the following business c
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