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11-1 (Assessing control risk) An auditor is required to obtain a sufficient understanding of each of the components of an entity's system of internal control
11-1 | (Assessing control risk) An auditor is required to obtain a sufficient understanding of each of the components of an entity's system of internal control to plan the audit of the entity's financial statements and to assess control risk for the assertions embodied in the account balance, transaction class, and disclosure components of the financial statements. Required
AICPA (adapted) |
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