Question: A client sells expensive flat screen televisions. The client has limited security and performs only annual inventory counts. Which of the following is true? Select

A client sells expensive flat screen televisions. The client has limited security and performs only annual inventory counts. Which of the following is true? Select all that apply. * the auditor will follow a substantive audit strategy * the auditor will likely assess inherent risk as low * the risk of material misstatement will likely be assessed as high * a combined audit strategy will likely be chosen * the auditor will likely assess control risk as high

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