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49.In order to obtain an initial understanding of internal control sufficient to assess the risk of material misstatement of the financial statements and auditor would
49.In order to obtain an initial understanding of internal control sufficient to assess the risk of material misstatement of the financial statements and auditor would most likely first perform which of the following procedures?
- Tests of control to determine whether key controls are operating effectively
- expanded substantive testing to identify relevant controls
- analytical procedures to determine the need for specific controls
- risk assessment procedures to evaluate the design of relevant controls
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