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    Business
  3. Study Set
    Auditing Assurance Services Study Set 1
  4. Exam
    Exam 12: Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions
  5. Question
    In Determining the Extent of Reliance to Be Placed on Internal
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In Determining the Extent of Reliance to Be Placed on Internal

Question 99

Question 99

Multiple Choice

In determining the extent of reliance to be placed on internal controls, the auditor considers:


A) effectiveness of the internal controls.
B) assessed level of control risk.
C) the costs of increased tests of controls.
D) all of the above

Correct Answer:

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