In determining whether control procedures are potentially reliable in assessing control risk below the maximum, an auditor
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In determining whether control procedures are potentially reliable in assessing control risk below the maximum, an auditor performs four tasks, listed below in random order:
1. Design tests of controls.
2. Consider potential errors or frauds.
3. Identify control objectives.
4. Determine control procedures.
In what order are these tasks performed in a financial statement audit?
a. 1234
b. 3241
c. 2341
d. 4312
Chooses the correct answer.
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