Question: What is the difference between test of controls and substantive test? What is the difference between audit risk and risk of material misstatement? What is

What is the difference between test of controls and substantive test?

What is the difference between audit risk and risk of material misstatement?

What is the difference between a controls reliance audit and a substantive audit?

What is the purpose of COSO?

What is the role of the PCAOB, SEC, and AICPA?

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