Question: In what situation s would controls not be tested
In what situation(s) would controls not be tested?
Answer to 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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