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Auditing

Lecture 7 & 8

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

Question 19 of 57

Which procedures are listed for evaluating design and implementation of controls?

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

Only inquiry

B

Only recalculation

C

Inquiry, observation, inspection, and tracing transactions

D

Only external confirmation