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Consider the following two statements: Evaluating the adequacy of control design is necessary but not sufficient if the objective of an assurance engagement is to
Consider the following two statements:
Evaluating the adequacy of control design is necessary but not sufficient if the objective of an assurance engagement is to reach a conclusion regarding the overall effectiveness of controls.
If an internal auditor determines that a control is inadequately designed, there is no good reason to test the effectiveness of the control.
Do you agree with each of these statements? Explain.
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