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Assume Company A has a low Control Risk and Company B has a high Control Risk (Control Risk is a risk that a misstatement in

Assume Company A has a low Control Risk and Company B has a high Control Risk (Control Risk is a risk that a misstatement in the financial statements will not be detected by the entity's internal controls). Describe how would you approach the audit of these two companies in terms of Control Testing and Substantive Testing? Defend your answer.

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