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Which of the following is not one of the financial statement account balance assertions? Existence. Valuation and allocation. Completeness. Internal Control. The nature, extent and

Which of the following is not one of the financial statement account balance assertions?

Existence.

Valuation and allocation.

Completeness.

Internal Control.

The nature, extent and timing of these tests are based on the auditors risk assessment procedures.

True

False

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