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When there are numerous plant asset transactions during the year, an auditor who plans to assess control risk at a high level for a non-public
When there are numerous plant asset transactions during the year, an auditor who plans to assess control risk at a high level for a non-public entity usually performs:
a. Extensive test of controls and limited tests of current year transactions
b. Limited or no tests of controls and extensive tests of current year transactions and ending balances.
c. Primarily substantive analytical procedures on year end balances.
d. Primarily substantive analytical procedures on current year transactions.
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