In determining the assessed level of control risk for an entity, an auditor must assess control risk

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In determining the assessed level of control risk for an entity, an auditor must assess control risk as high when he or she has:

(a) found no significant deficiencies in the internal control system.

(b) decided on a high level of detection risk.

(c) decided not to test the internal control system.

(d) assessed inherent risk to be high.

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Modern Auditing

ISBN: 9780471230113

1st Edition

Authors: Graham Cosserat

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