Which of the following is not a factor that might affect the likelihood that a control deficiency

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Which of the following is not a factor that might affect the likelihood that a control deficiency could result in a misstatement in an account balance?

a. The susceptibility of the related assets or liability to loss or fraud.

b. The interaction or relationship of the control with other controls.

c. The financial statement amounts exposed to the deficiency.

d. The nature of the financial statement accounts, disclosures, and asser- tions involved.

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Auditing And Assurance Services

ISBN: 9780073527086

7th Edition

Authors: William MessierSteven Glover

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Question Posted: May 05, 2024 05:01 AM

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Which of the following is not a factor that might affect the likelihood that a control deficiency

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The correct answer is c The financial statement amounts exposed to the deficiency The likelihood tha...View the full answer

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