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Define risks that could exist in higher education industry

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Reference no: EM132743944

Question: You are the Auditor-In-Charge employed at Whitinton and Brilliance Students, LLC, a local CPA firm. You are planning an audit of Harvard State University. The firm has been on this audit for 2 years and it is your first time working on the audit. There are 120 hours assigned to this engagement. Please respond to the questions below.

Planning the Audit:

What are some risks that could exist in the higher education industry? Would you suggest these risks be considered during the audit? Do these risks impact the financial statements? List at least 5 risks.

Reference no: EM132743944

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