Question
Guidance regarding risk in the AICPA Audit and Accounting Guide on Sampling (AAG-S) indicates for reliance on controls (or for attesting to the controls effectiveness),
Guidance regarding risk in the AICPA Audit and Accounting Guide on Sampling (AAG-S) indicates for reliance on controls (or for attesting to the controls effectiveness), a high assurance (confidence) or low risk, say, 90% confidence (or above), is usually supportable.
When would higher risk levels (lower confidence levels) be acceptable?
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson
17th edition
78025826, 978-1259564239, 1259564231, 978-0078025822
