accounting 5263779 2

Homework 4

Q1. What do you understand by the term ‘Control Risk’? Discuss the process an auditor would follow to assess control risk in the Revenue Cycle

Q2. Discuss any three ways a company can inflate revenues. What are the audit steps/procedures that help an auditor to detect them?

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Your homework submission (all questions combined) should be 2 to 3 pages in length (double spaced, Times New Roman 12 or Arial 10 Font).