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Describe the five types of audit tests of financial statements: (1) Risk Assessment Procedures (2) Test of Controls (3) Substantive Tests of Transactions (4) Analytical
Describe the five types of audit tests of financial statements:
(1) Risk Assessment Procedures
(2) Test of Controls
(3) Substantive Tests of Transactions
(4) Analytical Procedures
(5) Tests of Details of Balances.
please keep response brief, 100 words or less per section.
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