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Enumerate, in chronological order, the steps followed in the study and evaluation of internal controls. Explain each step briefly. What are the different ways by
- Enumerate, in chronological order, the steps followed in the study and evaluation of internal controls. Explain each step briefly.
- What are the different ways by which an understanding of controls is documented?
- When is the control risk assessment High? Less than high?
- How does a high control risk assessment affect the planned audit approach?
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Financial Accounting A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards
7th Edition
0072289988, 978-0072289985
