ACC 546 Auditing and Assurance Discussion Questions

| July 29, 2018

Stakeholders seem to expect auditors to detect accounting frauds, and yet auditors’ opinions carefully avoid making that claim. If auditors can’t deliver on stakeholder expectations, what value do they offer stakeholders?Describe the tolerable exception rate and how you would use this as an auditor. Explain how you would determine the rate you select.

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