What are the stages of financial statement audit? explain the details of each step. 2. List and explain the financial s

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What are the stages of financial statement audit? explain the details of each step. 2. List and explain the financial s

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What are the stages of financial statement audit? explainthe details of each step.
2. List and explain the financial statement assertions forAccount Balances, Transactions and Disclosures.
3. What are the components of Audit Risk? Use the Audit riskequation and explain the components of audit risk.
4. What is the difference between Business Risk and InherentRisk?
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