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explain in details 12. What are the reasons for tests of control? [multiple answers may apply which means more than 1 or 2 answers] To
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12. What are the reasons for tests of control? [multiple answers may apply which means more than 1 or 2 answers] To lower the assessed risk of material misstatement More efficient than substantive testing To reduce the amount of substantive testing Substantive tests cannot provide audit evidence Controls appear to be reliable Controls are well designed Relevant to management assertions Required for all public non public auditsStep by Step Solution
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