Tests of controls: a. Are intended to detect material misstatements in financial statement accounts. b. Are concerned
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Tests of controls:
a. Are intended to detect material misstatements in financial statement accounts.
b. Are concerned with how internal control policies or procedures are applied.
c. Are evaluations of financial information made by a study of plausible relationships among both financial and nonfinancial data.
d. Are procedures that lend hindsight to amounts and information disclosed in financial statements as of the balance sheet date.
Choose the correct answer.
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