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  2. Topic
    Business
  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam 14: Auditing the Financinginvesting Process: Prepaid Expenses, Intangible Assets, and Property, Plant, and Equipment
  5. Question
    Inherent Risk for Prepaid Expenses Would Generally Be Assessed as Low
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Inherent Risk for Prepaid Expenses Would Generally Be Assessed as Low

Question 35

Question 35

True/False

Inherent risk for prepaid expenses would generally be assessed as low because these accounts do not usually include complex transactions.

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