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� 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 ? =================================================== ACC 491 Week 3 Team Assignments From the Text
1 . Chapter 6 : Comprehensive Question 6-26 – Audit Programs and Assertions 2 . Chapter 7 : Case 7-25 – New Client Acceptance , part b only � =================================================== ACC 491 Week 4 DQ 1
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 ? =================================================== ACC 491 Week 3 Team Assignments From the Text

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Resource : Modern Auditing : Assurance Services and the Integrity of Financial Reporting Prepare written answers to the following assignments :

1 . Chapter 6 : Comprehensive Question 6-26 – Audit Programs and Assertions 2 . Chapter 7 : Case 7-25 – New Client Acceptance , part b only � =================================================== ACC 491 Week 4 DQ 1

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What are some of the different types of sampling methods that are available to the auditor ? How does the auditor decide which method to use ? How will the different methods affect the audit ?