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  3. Study Set
    Auditing and Assurance Services Study Set 2
  4. Exam
    Exam 6: Internal Control in a Financial Statement Audit
  5. Question
    Auditors Are Most Likely to Gather Audit Evidence Solely Using
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Auditors Are Most Likely to Gather Audit Evidence Solely Using

Question 2

Question 2

Multiple Choice

Auditors are most likely to gather audit evidence solely using substantive procedures


A) If transactions are recurring.
B) For nonrecurring, unusual transactions.
C) If control risk is very low.
D) If the entity has a well-designed automated system.

Correct Answer:

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