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    Business
  3. Study Set
    Modern Auditing Assurance
  4. Exam
    Exam 12: Audit Procedures in Response to Assessed Risks: Substantive Tests
  5. Question
    When the Acceptable Level of Detection Risk for an Assertion
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When the Acceptable Level of Detection Risk for an Assertion

Question 76

Question 76

True/False

When the acceptable level of detection risk for an assertion is low, the substantive tests will usually be performed at or near the balance sheet date.

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