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When an auditor is planning an audit, the auditor should: Consider whether the extent of substantive procedures may be reduced based on the results of
When an auditor is planning an audit, the auditor should:
- Consider whether the extent of substantive procedures may be reduced based on the results of the internal control questionnaire.
- Make preliminary judgments about materiality levels for audit purposes.
- Conclude whether changes in compliance with prescribed control procedures justifies reliance on them.
- Prepare a preliminary draft of the management representation letter.
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