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Auditing

Lecture 7 & 8

Audit risk, inherent and control risk, internal controls, substantive procedures, and audit sampling.

Question 28 of 57

If controls over a process are deficient, the auditor may place more reliance on:

Pick one: press 1-4 on your keyboard or click an option.
A

Inquiry alone

B

Tests of details rather than SAP

C

Management explanation only

D

Haphazard selection