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Auditing

Lecture 7 & 8

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

Question 15 of 57

Preventative controls are designed to:

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

Replace substantive testing

B

Confirm bank balances directly

C

Prevent an error from occurring

D

Detect and correct errors that already occurred