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Auditing

Lecture 7 & 8

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

Question 46 of 57

Under ISA 505, when using external confirmations, the auditor must maintain control over:

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

The information to be confirmed

B

All of the above

C

The design and sending of requests, including follow-up

D

The selection of the confirming party