Assessment of Inherent Risk in the Audit Risk Model | CPA Exam

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IN this session I will discuss assessment f inherent risk in the audit risk model.

#cpaexam #accountingstudent #auditcourse
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Sir, I want to say that you are an excellent teacher. I also want to thank you for sharing your knowledge with the everyone.

DavidLopez-gzjc
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How can I make a financial contribution to your hard work and excellent published content? You are helping me so much to score excellent grades in accounting classes. Thank you for what you do!

pedrovinhais
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Hello Professor Farhat, I have been working on the AUD of the exam and am struggling to understand a particular concept.

A business has been running at a loss for several years and then, in the year of the audit, they showing a profit. Why would this turn around decrease the RMM in the current year? It feels like to me that there is a pressure to misstate the Financial Statements.

I thank you for your time and hard work!! It seems like you are the only person that can actually teach accounting in a way that can be understood and I greatly appreciate what you do!!

sethsha
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Thank you very much, you are very nice

Melki
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Does, Audit Risk depend upon IR AND CR or Audit risk is independent of them?. Do we value the Audit Risk during planning stage or in the middle?

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