Multiple Choice
Which one of the following statements is NOT correct?
A) Internal controls vary from company to company; therefore, the auditor must identify the controls and deficiencies for each organisation.
B) The auditor must perform tests of controls on all of the client's internal controls.
C) The tests of controls and substantive tests of transactions are combined where appropriate.
D) The substantive tests of transactions will vary depending on the assessed control risk.
Correct Answer:
Verified
Correct Answer:
Verified
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