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susceptibility in Audit - Printable Version

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susceptibility in Audit - awaisaftab - 08-17-2009

Can anyone define the term susceptibility with reference to auditing.

Regards,

Awais Aftab


- wsafca - 08-18-2009

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

It might help