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  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 4: Internal Control, Control Risk, Section 404 Audits, Fraud Auditing, and the Impact of Information Technology on the Audit Process
  5. Question
    The Initial Presumption in the Audit of a Public Company
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The Initial Presumption in the Audit of a Public Company

Question 49

Question 49

Multiple Choice

The initial presumption in the audit of a public company is that control risk is:


A) moderate.
B) low.
C) high.
D) low or moderate, but not high.

Correct Answer:

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