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An Individual Approach for Auditing: New Risk Assessment Standards
The new risk assessment standards are deliberately designed to protect organizations from risks associated with the increasingly complex activities of the 21st century — e-commerce, global competition, and outsourcing of business operations overseas — as well as errors in judgment or fraud among management. Author Eric Marion explains how the eight new standards will affect organizations’ documentation procedures for audits and why the biggest audit overhaul in the past 30 years was necessary. Download PDF
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