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In audits of private companies, other than audit effectiveness, what is the primary consideration in deciding whether to include: (1) a mix of substantive tests
In audits of private companies, other than audit effectiveness, what is the primary consideration in deciding whether to include: (1) a mix of substantive tests and tests of the operative effectiveness of internal controls to justify assessing control risk below maximum, or (2) substantive tests only without tests of the operating effectiveness of internal controls?
a.Audit efficiency.
b.Audit deficiency.
c.Audit awareness.
d.Audit failure.
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