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  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 2: The Audit Planning Process: Understanding the Risk of Material Misstatement
  5. Question
    Internal Controls Are
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Internal Controls Are

Question 48

Question 48

Multiple Choice

Internal controls are


A) usually necessary to run the company
B) part of the environment of the client
C) implemented in areas where fraud risk is greatest
D) are only necessary if audit testing is going to rely on them

Correct Answer:

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