Assume that you have been assigned to the audit of an international bank.The bank does business in 20 countries,including the United States,Germany,and Norway.a.Discuss the demand for auditing.Why would an audit be useful for parties outside the bank?
b.Define the risk of material misstatement for this bank.Describe how you as an auditor would go about assessing and controlling this risk.c.Define audit risk as it relates to this client.Identify the financial statement accounts that provide the highest audit risk for the auditor and explain how you would control this risk.

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The Answer of Assume that you have been assigned to the audit of an international bank.The bank does business in 20 countries,including the United States,Germany,and Norway.a.Discuss the demand for auditing.Why would an audit be useful for parties outside the bank?
b.Define the risk of material misstatement for this bank.Describe how you as an auditor would go about assessing and controlling this risk.c.Define audit risk as it relates to this client.Identify the financial statement accounts that provide the highest audit risk for the auditor and explain how you would control this risk.

Assume That You Have Been Assigned to the Audit of an International