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Significant areas of audit planning and risk assessment

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Reference no: EM13949799

Question 1
One of the most significant areas of audit planning and risk assessment is to become expertly knowledgeable about the industry or industries that the audit client operates in. This may involve multiple SBU's (Strategic Business Units).
Discuss resources that you can utilize to become an industry expert and share your thoughts. Do you feel it is necessary to become an expert in the industry is which you are auditing? Explain.

Question 2
The text noted that money performs three basic functions which are medium of exchange, standard of value, and store of value. Select one of these functions and describe the ways rapid inflation could undermine money's ability to perform the function you selected.

Question 3
Peer review can help a writer to more critically examine his or her own work. The writer gains another perspective to help develop his or her writing, and the reader gains a voice to help shape the writing process.
Share the thesis from your Humanities Project. Along with your thesis, share a question that you anticipate that another reader may have about your own writing.

Thesis statement: A research on the emergence and the past of Judaism concerning the globe religions and theology especially Christianity and its co-existence with the Judaism religion.

Reference no: EM13949799

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