Sure! Here is an SEO-friendly HTML answer for the interview question "Can you describe your experience with conducting a risk assessment and how it influences the audit approach?":

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Conducting a Risk Assessment in Audits

During my career, I have conducted multiple risk assessments as part of the audit process. A risk assessment involves identifying potential risks that could impact the organization's financial statements and operations.

By conducting a thorough risk assessment, auditors can tailor their audit approach to focus on areas with higher risks, ensuring that resources are allocated efficiently to address the most critical issues.

Furthermore, the insights gained from the risk assessment help auditors develop a comprehensive audit plan that covers key risk areas, leading to a more effective and targeted audit process.

Overall, my experience with conducting risk assessments has demonstrated the importance of incorporating this step into the audit process to enhance the quality and relevance of the audit procedures performed.

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