Auditing Accounnting Quick 2-3 paragraph assignment

 “The aim of risk assessment in auditing standards is to improve the  quantity and effectiveness of audits by substantially changing the audit  practice” (Ramos, 2009). Statements on auditing standards nos. 104-111  provide increased rigor to the audit process in a number of key areas,  including the assessments of inherent and control risks and the linking  of these risk assessments to further audit procedures. After reading  Ramos, M. (2009) and Lamoreaux, M.G. (2011) and watching the videos for  Module 2, discuss the importance of inherent and control risk assessment  prior to an audit.