audit-risk-assessment-procedure

Questions › Category: SA-315 › audit-risk-assessment-procedure

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Rajugopal asked 4 years ago

When risk assessment procedures are performed. Whether before preparation of audit strategy or after.

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Ravi Staff answered 4 years ago

after preparing audit strategy
while preparing audit strategy we use past experience with client or past experience of industry and also results preliminary engagement activities
after risk assessment auditor can revise audit strategy