Discuss the issue of an audit client's business model and the concept of risk in an audit. In today's environment (rather than the time the NextCard case actually occurred), how should the risk of the client's business impact the audit plan and process?© BrainMass Inc. brainmass.com December 24, 2021, 11:49 pm ad1c9bdddf
The response addresses the query posted in 418 words with APA references.
// Auditing is an ongoing process of evaluating company's accounts or financial statements in-order to get an accurate details of the conduct of business and the risk associated with it may be because of the inability of the auditor to interpret correct financial transactions of the business. Some of the issues and risks of auditing has been discussed below//
Issues arising in the business audit may be because of the incapability of the auditor to interpret the correct business transaction of the business. The audit team may face many practical problems, like if there ...
The expert discusses the issues of an audit client's business model and the concepts of risk in an audit.The response addresses the query posted in 418 words with APA references