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  3. Study Set
    Auditing and Assurance Services Study Set 2
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    Exam 22: Audit of the Capital Acquisition and Repayment Cycle
  5. Question
    Typically, Auditors Set Inherent Risk at a Low Level for Notes
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Typically, Auditors Set Inherent Risk at a Low Level for Notes

Question 93

Question 93

True/False

Typically, auditors set inherent risk at a low level for notes payable, as the correct value is usually easy to determine.

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