The risk associated with the overall operations of a business entity is called as the potential risk. It is the risk of undesirable outcomes resulting from the hazards. So an auditor as a consultant is required for risk management, who recommend some business strategy and necessary changes. To ascertain: Potential fraud risk factors in the revenue cycle and substantive audit procedures used in the revenue cycle

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Answer 1

Question

Chapter 9, Problem 65RSCQ

To determine

Introduction:The risk associated with the overall operations of a business entity is called as the potential risk. It is the risk of undesirable outcomes resulting from the hazards. So an auditor as a consultant is required for risk management, who recommend some business strategy and necessary changes.

To ascertain: Potential fraud risk factors in the revenue cycle and substantive audit procedures used in the revenue cycle

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Answer 2

Question

Chapter 9, Problem 65RSCQ

To determine

Introduction:The risk associated with the overall operations of a business entity is called as the potential risk. It is the risk of undesirable outcomes resulting from the hazards. So an auditor as a consultant is required for risk management, who recommend some business strategy and necessary changes.

To ascertain: Potential fraud risk factors in the revenue cycle and substantive audit procedures used in the revenue cycle

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Answer 3

Question

Chapter 9, Problem 65RSCQ

To determine

Introduction:The risk associated with the overall operations of a business entity is called as the potential risk. It is the risk of undesirable outcomes resulting from the hazards. So an auditor as a consultant is required for risk management, who recommend some business strategy and necessary changes.

To ascertain: Potential fraud risk factors in the revenue cycle and substantive audit procedures used in the revenue cycle

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Answer 4

Question

Chapter 9, Problem 65RSCQ

To determine

Introduction:The risk associated with the overall operations of a business entity is called as the potential risk. It is the risk of undesirable outcomes resulting from the hazards. So an auditor as a consultant is required for risk management, who recommend some business strategy and necessary changes.

To ascertain: Potential fraud risk factors in the revenue cycle and substantive audit procedures used in the revenue cycle

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Answer 5

Chapter 9, Problem 65RSCQ

To determine

Introduction:The risk associated with the overall operations of a business entity is called as the potential risk. It is the risk of undesirable outcomes resulting from the hazards. So an auditor as a consultant is required for risk management, who recommend some business strategy and necessary changes.

To ascertain: Potential fraud risk factors in the revenue cycle and substantive audit procedures used in the revenue cycle

Answer 6

Chapter 9, Problem 65RSCQ

To determine

Introduction:The risk associated with the overall operations of a business entity is called as the potential risk. It is the risk of undesirable outcomes resulting from the hazards. So an auditor as a consultant is required for risk management, who recommend some business strategy and necessary changes.

To ascertain: Potential fraud risk factors in the revenue cycle and substantive audit procedures used in the revenue cycle

Answer 7

Chapter 9, Problem 65RSCQ

To determine

Introduction:The risk associated with the overall operations of a business entity is called as the potential risk. It is the risk of undesirable outcomes resulting from the hazards. So an auditor as a consultant is required for risk management, who recommend some business strategy and necessary changes.

To ascertain: Potential fraud risk factors in the revenue cycle and substantive audit procedures used in the revenue cycle

Answer 8

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Answer 9

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Answer 11

Ch. 9 - Prob. 1TFQ Ch. 9 - Prob. 2TFQ Ch. 9 - Prob. 3TFQ Ch. 9 - Prob. 4TFQ Ch. 9 - Prob. 5TFQ Ch. 9 - Prob. 6TFQ Ch. 9 - Prob. 7TFQ Ch. 9 - Prob. 8TFQ Ch. 9 - Prob. 9TFQ Ch. 9 - Prob. 10TFQ

Solution Summary: The author explains the risks associated with the overall operations of a business entity are called as the potential risk.

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Chapter 9 Solutions