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Which of the following is NOT a likely audit response when there is a high assessed risk of fraud? a.Review accounting estimates for managerial bias.
Which of the following is NOT a likely audit response when there is a high assessed risk of fraud?
a.Review accounting estimates for managerial bias.
b.Increase the predictability of audit procedures.
c.Undertake a detailed examination of journal entries, particularly those at year-end.
d.Evaluate business rationale of transactions that are outside normal course of business.
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