Question: what is correct answer If inherent risk is low and no assurance has been gained from control testing, which of the following is accurate? O
what is correct answer
If inherent risk is low and no assurance has been gained from control testing, which of the following is accurate? O less substantive testing is required, and a combined approach can be taken auditors must choose a substantive audit approach to reduce detection risk to an acceptable level auditors can rely on original control risk assessment and continue with a combined audit approach potentially only analytical review procedures will be required to reduce detection risk to an acceptable levelStep by Step Solution
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