Question: From the dropdown menu provided, select the appropriate audit approach given the level of the risk assessment for each account assertion in the table
From the dropdown menu provided, select the appropriate audit approach given the level of the risk assessment for each account assertion in the table below. Overall Inherent Control Account Assertion Accounts receivable - valuation Risk Risk Risk Assessment Detection Risk Audit Approach Low Low Low High Combined audit approach Accounts receivable - rights and obligations Low Low Low High Substantive approach Accounts receivable - completeness High High High Low
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