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Which of the Choices Below Best Describes a Risk-Based Audit

Question 62

Multiple Choice

Which of the choices below best describes a risk-based audit approach?


A) a four-step approach to internal control evaluation.
B) a three-step approach to internal control evaluation.
C) a four-step approach to financial statement review and recommendations.
D) a three-step approach to financial statement review and recommendations.

Correct Answer:

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