If the financial reporting risks for a location are low and the entity has good entity-level controls,
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If the financial reporting risks for a location are low and the entity has good entity-level controls, management may rely on which of the follow- ing for their assessment.
a. Documentation and test controls over specific risks.
b. Self-assessment processes in conjunction with entity-level controls.
c. Documentation and test entity-level controls over the entire entity.
d. Selective control test at that location.
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Related Book For
Auditing And Assurance Services
ISBN: 9780073527086
7th Edition
Authors: William MessierSteven Glover
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