Which of the following is true? A. High business risk always leads to high control risk. B.

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Which of the following is true?

A. High business risk always leads to high control risk.

B. Lower control risk leads to higher levels of substantive testing.

C. The auditor designs tests to address all inherent risks identified.

D. High audit risk means low materiality.

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Modern Auditing And Assurance Services

ISBN: 9781118615249

6th Edition

Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson

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