information risk and explain how the financial statement auditing process helps to reduce this risk, thereby reducing the cost of capital for a company. 1, 2, 3 29, 31, 38 57* 2. Define and contrast financial statement auditing, attestation, and assurance type services. 4, 5, 6, 7, 8 23, 25, 28, 44, 50 52, 57* 3. Describe and define the assertions that management makes about the recognition, measurement, presentation, and disclosure of the financial statements and explain why auditors use them…
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