Which of the following is not a characteristic of the lower control risk approach? a. Control risk
Question:
Which of the following is not a characteristic of the lower control risk approach?
a. Control risk is usually assessed at maximum level.
b. Substantive tests are usually restricted.
c. The auditor usually plans to place considerable reliance on the controls.
d. The auditor plans to perform extensive tests of controls.
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The correct answer is a Control risk is usually assessed at maximum level The lower control risk app...View the full answer
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Related Book For 
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
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