Detection risk is affected by sampling and non-sampling risk. Type the following paragraphs into the word processing sheet:Īuditor’s risk is the risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated.Īuditor’s risk is a function of two main components being the risks of material misstatement and detection risk.ĭetection is the risk that the procedures performed by the auditor to reduce the auditor’s risk to an acceptably low level will not detect a misstatement that exists and which could be material, either individually or when aggregated with other misstatements.
Using cut and paste, move paragraph two to the end of the document.Format the heading ‘Auditor’s risk and its component’s to paragraph style ‘Heading 4’ and center the heading.You are required to carry out the following amendments: Otherwise, step by step instructions are detailed below. If you areĪccustomed to using word processing packages have a go at making the followingĪmendments. Let’s do some formatting to improve the layout and content of the answer. Replace the word “Microsoft” with “MS”.Search for the word “document” using the find option.Highlight “Microsoft Word is a word processor developed by Microsoft.”.Select some part of your document of PRACTICAL -1 and copy it to the new file created in bullet 1.Create a new file using the new option.Take a printout of this document through the print option.View the file you have created using the print preview option.Open this file again using the open option from the office button.Edit some part of your document and save again using save option.Save this file as ms-word.doc in “my documents” folder using the save as option.Alignment to your paragraph to the right margin.Change the font type to “Lucida Calligraphy” and size to 14.Type the paragraph above as it is using “Calibri font”, font size 12.Step By Step Word Processing Exercise Practical: 1
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