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This is one of the primary reasons why an auditor would want to place some reliance on internal controls: Evidence gathered from control testing is
This is one of the primary reasons why an auditor would want to place some reliance on internal controls:
Evidence gathered from control testing is higher than evidence gathered from test of details
Reliance on controls will reduce the extent of substantive procedures
Effective controls mean that controls will not need to be tested for all future audit years
Reliance on controls require less understanding of the client
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