ACC 491 Week 3 Assessing Materiality and Risk Simulation

Resources: Assessing Materiality and Risk Simulation

Complete the simulation and prepare a 350-word 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?

Click the Assignment Files tab to submit your assignment.