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Once an Understanding of the Client's Internal Control Is Obtained

Question 7

Multiple Choice

Once an understanding of the client's internal control is obtained that is sufficient for audit planning, then the auditor must first assess:


A) the level of control risk supported by the understanding obtained.
B) whether a lower level of control risk could be supported.
C) whether the financial statements are auditable.
D) the level of control risk.

Correct Answer:

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