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Need help on these 2 questions, thank you. The audit strategy known as the predominantly substantive approach: O means the auditor will spend minimum effort
Need help on these 2 questions, thank you.
The audit strategy known as the predominantly substantive approach: O means the auditor will spend minimum effort testing the client's system of internal controls. O means the auditor will conduct some interim testing and minimal year-end account-balance testing. O is appropriate when internal controls are very strong. O requires the auditor to conduct extensive control testing. Which component of audit risk can the auditor control? O Inherent risk. o Control risk. O Financial risk. O Detection riskStep by Step Solution
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