Question: what is correct answer If inherent risk is high and a limited amount of assurance has been gained from control testing, which of the following
what is correct answer
If inherent risk is high and a limited amount of assurance has been gained from control testing, which of the following is accurate? potentially only analytical review procedures will be required to reduce detection risk to an acceptable level less substantive testing is required, and a combined approach can be taken auditors can rely on original control risk assessment and continue with a combined audit approach auditors must choose a substantive audit approach to reduce detection risk to an acceptable levelStep by Step Solution
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