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  2. Topic
    Business
  3. Study Set
    Auditing Extended
  4. Exam
    Exam 7: Understanding and Testing the Clients System of Internal Controls
  5. Question
    If Inherent Risk Is Low and a Reasonable Level of Assurance
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If Inherent Risk Is Low and a Reasonable Level of Assurance

Question 74

Question 74

True/False

If inherent risk is low and a reasonable level of assurance has been gained from controls testing, extensive substantive procedurneed to be performed to estimate the dollar value of any error in an account balance.

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