(a) Explain what is meant by the acceptable overall audit risk, and describe the factors that influence this risk. Provide an assessment of the acceptable audit risk for the coming audit as high, medium or low. You need to support your answer with reasons. (10 marks)(b) Based on the information provid …

| February 14, 2018

(a) Explain what is meant by the acceptable overall audit risk, and describe the factors that influence this risk. Provide an assessment of the acceptable audit risk for the coming audit as high, medium or low. You need to support your answer with reasons. (10 marks)(b) Based on the information provid …

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