There are various boxes illustrated as A, B C and D in the Figure below. Select the

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There are various boxes illustrated as A, B C and D in the Figure below. Select the best description for each of these boxes from the choices 1–4:

We restate the systems-based approach to auditing and how these tests fit into the audit process in the Figure below:

image text in transcribed

Box Description (1, 2, 3, or 4)
A.
B.
C.
D.
Descriptions:
1. Limited substantive testing 2. Risks 3. Extended substantive testing 4. Controls

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The Internal Auditing Handbook

ISBN: 9780470518717

3rd Edition

Authors: K. H. Spencer Pickett

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Question Posted: Jul 15, 2024 01:01 AM

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There are various boxes illustrated as A, B C and D in the Figure below. Select the

Question:

Compliance and substantive tests Adequate Complied with? Y C A B Poor + N D Audit opinion and recs Report and follow-up

Step by Step Answer:

The Internal Auditing Handbook

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