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2. Read PCAOB AS 2201 paragraphs .62-.68. When an auditor identifies a control deficiency on a public company audit, the auditor should assess the severity

2. Read PCAOB AS 2201 paragraphs .62-.68. When an auditor identifies a control deficiency on a public company audit, the auditor should assess the severity of the control deficiency. What are the two factors that the severity of a control deficiency relies upon? Please elaborate on the criteria surrounding each of these factors

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