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This paper aims to investigate how audit risk models are applied in real audit practices.

Some Empirical Evidence about the Assessment of Audit Risk in Practice.

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This paper aims to investigate how audit risk models are applied in real audit practices.
Solicited risk assessments for accounts receivable from audit managers.
Auditors assessed audit risk and decomposed it into components from SAS No. 39 and SAS No. 47.
Analyzed the integration of these components in audit risk assessments.
Auditors did not combine audit risk components as recommended by any authoritative models.
The practical application revealed inconsistencies in risk assessment practices.

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Randomized trial investigates audit risk assessment methods in audit managers, suggesting gaps in adherence to models.

Shirley J. Daniel (1988) studied this question.

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