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Which of the following are true about negative confirmations? 1. Confirming parties respond only when they disagree. II. With no controls reliance, negative confirmations
Which of the following are true about negative confirmations? 1. Confirming parties respond only when they disagree. II. With no controls reliance, negative confirmations can be used as the only substantive procedure to address an assessed RMM. III. Responses are requested whether the confirming party agrees or disagrees. IV. Negative confirmations provide less persuasive evidence than positive confirmations. I and II I and IV II and III III and IV
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