Published on October 20, 2015
For more course tutorials visit www.acc491.com Resources: Assessing Materiality and Risk located on the Week Two Materials page Complete the simulation and prepare a 350-word total (not per question) response to the following questions: • 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. • How are the three risks that make up audit risk interrelated?