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In an audit of financial statements of a non-public company in accordance with generally accepted auditing standards, an auditor is required to: Multiple Choice document

In an audit of financial statements of a non-public company in accordance with generally accepted auditing standards, an auditor is required to:

Multiple Choice

  • document the auditor's understanding of the entity's internal control.
  • determine whether control activities are operating effectively to prevent or detect material misstatements.
  • search for significant deficiencies in the operation of the internal controls.
  • perform tests of controls to evaluate the effectiveness of the entity's accounting system.

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