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Author Question: An increased extent of tests of controls is most likely to occur when (Read 119 times)

wqwpfwpoefnpwenf

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on: Aug 21, 2022

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.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by wqwpfwpoefnpwenf on Aug 21, 2022

dadgoere765

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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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wqwpfwpoefnpwenf

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

mammy1697

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Reply 3 on: Yesterday
Wow, this really help

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