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Indicate whether the statements below are TRUE / FALSE: 11. Stricter materiality limits set by an auditor will result in more testing. (1) 12. The
Indicate whether the statements below are TRUE / FALSE: 11. Stricter materiality limits set by an auditor will result in more testing. (1) 12. The decision to make use of risk assessments carried out by the client's internal audit department will be made when determining the overall audit strategy. (1) 13. The nature of an audit procedure relates to its purpose and its type. (1) 14. The audit strategy related to the nature, timing and extent of testing. (1) 15. Generally, effective internal control can result in a reduction of substantive testing.(1)
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