An increased extent of tests of controls is most likely to occur ...

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Question 1

An exception or deficiency found in a test of controls
◦ indicates a financial statement misstatement.
◦ indicates the likelihood of a misstatement.
◦ indicates that the financial statements are fairly stated.
◦ indicates that an adverse opinion is warranted on the audit of internal control.

Question 2

An increased extent of tests of controls is most likely to occur when
◦ it is a first-year audit.
◦ the auditor is doing a "fraud audit."
◦ controls are effective and the preliminary control risk assessment is low.
◦ controls are ineffective and the preliminary control risk assessment is high.

[dadgoere765]

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[wqwpfwpoefnpwenf]

Thanks for the timely response, appreciate it

[fatboyy09]

Excellent