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Posted on Jun 18, 2024

Sheila Mackenzie, CGA, tested sales transactions for the month of June in the audit of the financial statements of Coast Co. for the year ended

Sheila Mackenzie, CGA, tested sales transactions for the month of June in the audit of the financial statements of Coast Co. for the year ended December 31, 20X0. Based on her assessment of control risk below maximum and the excellent results of tests of controls, she decided to significantly reduce her direct tests of details of the financial balances at the year end. Evaluate this decision.

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