The audit procedures ENQUIRY, ANALYTICAL PROCS, INSPECTION, OBSERVATION are used to test the assertions at the FS level, and these procedures can also be called risk assessment procedures.
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10y ago#1There is also recalculation and reperformance.
Analytical procedures flrmpart of riskassess emtn because these can be used at the planning staage of the audit (a figure which has moved a lot since last year is a figure that needs investigation).
The other methods are not risk assessment: they are ways of collecting audit evidence at the FS level.
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