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AN OVERVIEW OF THE AUDIT PROCESS
Responding To Assessed Risk
• ISA 330 – The auditor’s response to assessed risk states
that the auditor should obtain sufficient, appropriate
audit evidence regarding the assessed ROMM through
designing and implementing appropriate responses to
those risks.
• Respond to risk identified in planning
• Respond to risks at FS level, Assertion Level and carry out
those procedures required to comply with the ISAs.
• How does an auditor respond to risk, and which stage of
the Audit Process is that?
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