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    What are the risk & liabilities factors in an audit? What ar

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    What are the risk & liabilities factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks & liabilities?

    What is the Sarbanes-Oxley Act (SOX)? What impact do you think it would have if a company had to comply.

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    Solution Preview

    What are the risk & liabilities factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks & liabilities?

    What is the Sarbanes-Oxley Act (SOX)? What impact do you think it would have if a company had to comply.

    Solution:

    What are the risk & liabilities factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks & liabilities?

    The main risk factor in an audit is always going to be how proficiently the auditor has taken the necessary steps to ensure, through testing, that no material misstatements are present. If in the future, material misstatements are discovered, particularly if the misstatements involve ...

    Solution Summary

    What are the risk & liabilities factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks & liabilities?

    What is the Sarbanes-Oxley Act (SOX)? What impact do you think it would have if a company had to comply.

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