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Author Question: Which of the following ismostcorrect for audits of non-public companies? (Read 39 times)

Mscarter

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on: Aug 21, 2022

Question 1

The auditor designs and performs a combination of tests of controls and substantive procedures to obtain reasonable assurance that the financial statements are fairly stated when control risk
◦ is assessed above the maximum.
◦ is assessed below the maximum.
◦ cannot be assessed.
◦ None of these

Question 2

Which of the following is most correct for audits of non-public companies?
◦ An audit of internal control is required.
◦ An audit of internal control is not required.
◦ An audit of the design of internal controls is required.
◦ An audit of the operational effectiveness of internal controls is required.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Mscarter on Aug 21, 2022

msgero

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Mscarter

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

nathang24

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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