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    Ncontromonitanipatog: Internal

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    Vivek Yadav
    1) SABI is an auditing framework that helps auditors respond to risks assessed during an audit regarding internal control ineffectiveness. It emphasizes increased professional skepticism, additional audit procedures, and obtaining more evidence through substantive procedures. 2) When internal control deficiencies are identified, auditors should conduct additional audit procedures, make changes to the audit plan as needed, obtain more evidence through substantive testing, and increase the scope and extent of audit procedures based on materiality and assessed risk. 3) The nature, timing, and extent of additional audit procedures are based on the auditor's judgment, considering factors like the type of deficiency identified, materiality, and degree of assurance needed.

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    Ncontromonitanipatog: Internal

    Uploaded by

    Vivek Yadav
    11 views7 pages
    1) SABI is an auditing framework that helps auditors respond to risks assessed during an audit regarding internal control ineffectiveness. It emphasizes increased professional skepticism, additional audit procedures, and obtaining more evidence through substantive procedures. 2) When internal control deficiencies are identified, auditors should conduct additional audit procedures, make changes to the audit plan as needed, obtain more evidence through substantive testing, and increase the scope and extent of audit procedures based on materiality and assessed risk. 3) The nature, timing, and extent of additional audit procedures are based on the auditor's judgment, considering factors like the type of deficiency identified, materiality, and degree of assurance needed.

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    1) SABI is an auditing framework that helps auditors respond to risks assessed during an audit regarding internal control ineffectiveness. It emphasizes increased professional skepticism, additional audit procedures, and obtaining more evidence through substantive procedures. 2) When internal control deficiencies are identified, auditors should conduct additional audit procedures, make changes to the audit plan as needed, obtain more evidence through substantive testing, and increase the scope and extent of audit procedures based on materiality and assessed risk. 3) The nature, timing, and extent of additional audit procedures are based on the auditor's judgment, considering factors like the type of deficiency identified, materiality, and degree of assurance needed.

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    11 views7 pages

    Ncontromonitanipatog: Internal

    Uploaded by

    Vivek Yadav
    1) SABI is an auditing framework that helps auditors respond to risks assessed during an audit regarding internal control ineffectiveness. It emphasizes increased professional skepticism, additional audit procedures, and obtaining more evidence through substantive procedures. 2) When internal control deficiencies are identified, auditors should conduct additional audit procedures, make changes to the audit plan as needed, obtain more evidence through substantive testing, and increase the scope and extent of audit procedures based on materiality and assessed risk. 3) The nature, timing, and extent of additional audit procedures are based on the auditor's judgment, considering factors like the type of deficiency identified, materiality, and degree of assurance needed.

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    of 7

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