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Auditing

Lecture 7 & 8

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

Question 21 of 57

What are the three factors to consider when testing operating effectiveness of controls?

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

Design, implementation, and valuation

B

Type, extent, and timing

C

Existence, completeness, and accuracy

D

Risk, fraud, and materiality