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When the auditor wishes to report significant deficiencies in the client's internal control system, it will be communicated to the client's audit committee in the
When the auditor wishes to report significant deficiencies in the client's internal control system, it will be communicated to the client's audit committee in the O a. internal control letter. O b. management letter. O c. audit report. O d. reportable conditions letter.The interim financial statements are usually O a. checked for compliance by the auditors. O b. not reviewed by the auditors. O c. not compiled by the auditors. O d. not audited by the auditors.Nancy is the auditor for IShiomsys Pharmaceuticals. a manufacturer of COVID'l'il vaccinations. The company has a complex pricing model where the price of the CDUID vaccination varies depending on the wealth of the purchasing nation. lifter evaluating the specic risks and circumstances of IIIhiomsysr Nancy decides on a combined audit approach. Which of the following statements justies Nancy's choice of a combined approach? Oa. The inherent risk around the accuracy of revenue recorded has increased but the controls are effective. The controls around revenue and accounts receivable are ineffective. The CFD at Chiomsys informed Nancy that the new billing system has major bugs that have not been fixed. Nancyr tested a sample of invoices as part of a test of controls and concluded, based on the sample exception rate] that the controls around revenue were ineffective
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