Assessment of _____________________________ of __________________________________ is important because it governs the nature,timing,and extent of substantive procedures that will be applied in the audit of account balances in the acquisition cycle.
Reference: Question also found in study guide

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The Answer of Assessment of _____________________________ of __________________________________ is important because it governs the nature,timing,and extent of substantive procedures that will be applied in the audit of account balances in the acquisition cycle.
Reference: Question also found in study guide

Assessment of _____________________________ of __________________________________ Is Important Because It Governs

Assessment of _ of ______ Is Important Because It Governs