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1.If an auditor decided not to test controls on the audit, what impact would this have on Audit Risk? 2.What is the difference between OFSL

1.If an auditor decided not to test controls on the audit, what impact would this have on Audit Risk?

2.What is the difference between OFSL and IR?

3.Imagine you are auditing Starbucks. Is it easier to determine if revenue occurred or if revenue is complete? Why?

4.Imagine a world where publicly traded companies did not require audits.What might be one benefit of this situation?Explain

5.What is one similarity between OM and SM? Explain.

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