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AUDITORS RISK MANAGEMENT AND REPUTATION BUILDING IN THE POSTER ENVIRONMENT: AN EXAMINATION OF EARNINGS CONSERVATISM OF FORMER ANDERSEN CLIENTS Goal V. Krishnan George Mason University February 9,
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Auditors' risk management is the process and procedures implemented by auditors to identify, assess, and mitigate risks that may affect the accuracy and reliability of financial statements and reports.
Auditors, both internal and external, are required to file auditors' risk management and.
The process of filling out auditors' risk management involves documenting the risks identified, assessing the likelihood and impact of each risk, and implementing appropriate controls and procedures to mitigate those risks.
The purpose of auditors' risk management is to ensure the integrity and reliability of financial statements and reports by identifying and addressing potential risks that may impact their accuracy.
Auditors' risk management reports typically include information on the identified risks, their potential impact on financial statements, the controls and procedures implemented to mitigate those risks, and any ongoing monitoring and assessment activities.
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