Materiality and Risk simulation on student website
An urban environment versus an expansive environment
July 7, 2020Conduct your observation according to the Personal Action Plan Observation Instructions, located on the student website.
July 7, 2020Materiality and Risk simulation on student website
Resources: Assessing Materiality and Risk simulation on student website
Complete the Assessing Materiality and Risk simulation located on the student website.
Prepare a 350-word response to following questions after completing the simulation:
·Why do certain accounts have to be audited 100%?
·Why is materiality allocated only to those accounts that are sampled?
·Is any component of audit risk within the control of the auditor? Explain.
