Teressa bezenar auditing Study guides, Class notes & Summaries

Financial Statement Risk Factors The audit team has obtained and documented an understanding of Target Corporation, we are now in a position to identify and assess the risks of material misstatement, and at the assertion level for classes of transactions, and account balances. Income Statement: According to the SEC, a majority of financial statement manipulations and audit failures involve overstated revenues. There are some procedures that will assist the audit team to identify areas of ...