Page 28 - Internal Auditing Standards

Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities Volume 1—Core Concepts

Summary of the Audit Risk Components

Exhibit 3.2-3

Note:

The length of the bars in the exhibit would vary based on the particular circumstances and risk profile of the entity.
Exhibit 3.2-4

Note:

The length of the bars in the exhibit would vary based on the particular circumstances and risk profile of the
entity, and the nature of the auditor’s response.

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