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If control risk is high or maximum, and there are no compensating controls, the auditor should _______. A. assume that fraud risk is high, and
If control risk is high or maximum, and there are no compensating controls, the auditor should _______.
A. assume that fraud risk is high, and design appropriate substantive tests, particularly substantive tests of transactions | ||
B. assume that fraud risk is low, and design appropriate substantive tests, particularly substantive tests of transactions | ||
C. consider withdrawing from the engagement | ||
D. request additional written representation from management |
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