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Audit risk and 100% audited accounts.

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I would need answers to the two questions and not a copy from any web sites

1. Why do certain accounts have to be audited 100 percent?

2. Is any component of audit risk within the control of the auditor? Explain

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Solution Summary

By using examples, the solution lists seven types of accounts or situations where a 100% audit is normally required. These are examples where a 100% audit of an account should be undertaken. The solution is real-world and may not be found in a textbook

In a short paragraph, the extent of the control over risk by an auditor is described and explained.

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1. Why do certain accounts have to be audited 100 percent?

a. Because they are suspense accounts of items the company didn't know what to do with.
b. Because they are a place to dump amounts, often called miscellaneous expense.
c. Because they may contain tax deductible ...

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