Question: 1 . If the financial reporting risks for a location are low and the entity has good entity - level controls, management may rely on
If the financial reporting risks for a location arelowand the entity has good entitylevel controls, management may rely on which of the following for its assessment?
a Documentation and test controls over specific risks.
b Documentation and test entitylevel controls over the entire entity.
c Selfassessment processes in conjunction with entitylevel controls.
d Selective control test at that location.
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