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You are performing the audit of Jenkins and Company. Your tests of controls and tests of transactions for accounts payable demonstrate that the controls are
You are performing the audit of Jenkins and Company. Your tests of controls and tests of transactions for accounts payable demonstrate that the controls are operating effectively. This would normally allow you to
eliminate the need for substantive testing of balances for accounts payable reduce the need for substantive testing of balances for accounts payable
reduce control tests in other transactions cycles
increase the need for substantive testing of balances for accounts payable
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