I’m trying to learn for my Accounting class and I’m stuck. Can you help?
What are the types of audit report opinions? When should an auditor issue each report? (2 Marks).
2- What is the importance of Auditor’s Risk Assessment process? Detail your answer. (1 Mark).
3- What is the difference between substantive analytical procedures and test of details? Detail your answer. (1 Mark).
4- Discuss how does internal control assessment affects audit risk model? (1 Mark).