Question

Auditors may restrict substantive procedures based on the results of tests of controls.
a. Discuss and contrast the concepts of the planned assessment of control risk and the revised assessment of the risk after tests of controls have been performed.
b. Using internal control for the existence assertion for accounts receivable, provide an example that distinguishes among the concepts discussed in part (a) above.



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  • CreatedOctober 25, 2014
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