Question: In what situation s would controls not be tested
In what situation(s) would controls not be tested?
Relevant QuestionsList the control objectives and the misstatement risk that each one relates to. Why is there a cost-benefit trade-off involved in evaluating internal controls for planning the audit? What is a substantive audit approach, and how does it differ from a combined audit approach?List some fraud risks that may exist in e-commerce activities. Why would controls be tested for the whole period being audited?
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