Distinguish between obtaining an understanding of internal control and assessing control risk. Also, explain the methodology the

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Distinguish between obtaining an understanding of internal control and assessing control risk. Also, explain the methodology the auditor uses for each.

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Auditing The Art and Science of Assurance Engagements

ISBN: 978-0133098235

12th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser

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Question Posted: Dec 17, 2015 06:27 AM

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Distinguish between obtaining an understanding of internal control and assessing control risk. Also, explain the methodology the

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The purpose of understanding internal control is to find out how the client believes internal contro...View the full answer

Auditing The Art and Science of Assurance Engagements

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