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Which of the following is a false statement about the assessment of the risks of material misstatement? A. The assessed levels will affect the nature,

Which of the following is a false statement about the assessment of the risks of material misstatement?

A. The assessed levels will affect the nature, timing, and extent of substantive testing.

B. The auditor may use certain tests of details of transactions concurrently as tests of controls.

C. The ultimate purpose is to determine the operating effectiveness of controls.

D. The auditors understanding of internal control should be documented.

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