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A company has a procedure whereby, before selling to a customer on account, the credit manager will review the sale to make sure that the
A company has a procedure whereby, before selling to a customer on account, the credit manager will review the sale to make sure that the customer is considered creditworthy and is not purchasing beyond their credit limit During the planning stage of the audit of fiscal year the auditor learns that the company had a less experienced credit manager in than in The auditor had audited the company in as well. How will this information affect the auditor's risk assessment?
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The auditor will increase the assessed control risk.
The auditor will increase the assessed detection risk.
The auditor will decrease the assessed inherent risk.
The auditor will decrease the assessed detection risk.
The auditor will decrease the assessed control risk.
The auditor will increase the assessed inherent risk.
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