Testing phase of the audit process

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Reference no: EM131854880

Describe the role of evidence in steps 2,3 and 4 of the testing phase of the audit process. How does the auditor use evidence to assess the likelihood of material misstatemet as required in step 5 of the testing phase? Be sure to describe the various kinds of evidence available to the auditor and to discuss the impoertance of matching the type of evidence to the unanswered question.

Reference no: EM131854880

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