When assessing the effectiveness of controls for relevant assertions,the auditor tests only transaction controls.

Name: When assessing the effectiveness of controls for relevant assertions,the auditor tests only transaction controls.
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The auditor tests both transaction controls and balance sheet controls to assess the effectiveness of controls for relevant assertions. This is because balance sheet controls are also important in providing assurance about the accuracy of financial statements.

When Assessing the Effectiveness of Controls for Relevant Assertions,the Auditor