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Once an Understanding of Internal Controls Is Obtained That Is

Question 20

Multiple Choice
Once an understanding of internal controls is obtained that is sufficient for audit planning,then the auditor must first assess
A)whether a lower level of control risk could be supported.
B)whether the financial statements are auditable.
C)the level of control risk supported by the understanding obtained.
D)the level of control risk to use.

Once an understanding of internal controls is obtained that is sufficient for audit planning,then the auditor must first assess


A) whether a lower level of control risk could be supported.
B) whether the financial statements are auditable.
C) the level of control risk supported by the understanding obtained.
D) the level of control risk to use.

Correct Answer:

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