susceptibility in Audit

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susceptibility in Audit

awaisaftab
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#1

08-17-2009, 02:39 PM

Can anyone define the term susceptibility with reference to auditing.

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Awais Aftab

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#2

08-18-2009, 02:25 AM

When there is risk that the financial statements may be misstated, we say the financial statements are susceptibile to misstatements.

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