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A B C D In auditing a non-public company, the auditor will test the internal control under which of the following situations? AR IR CR Does the auditor plan to Cost of Internal Cost of Substantive Control Testing Testing rely on Internal Control? 5% 5% 5% 5% 50% 50% 50% 50% 100% 50% 50% 80% NO YES YES NO N/A $8,000 $5,000 $3,000 $24,000 $18,000 $18,000 $20,000

A B C D In auditing a non-public company, the auditor will test the internal control under which of the following situations? AR IR CR Does the auditor plan to Cost of Internal Cost of Substantive Control Testing Testing rely on Internal Control? 5% 5% 5% 5% 50% 50% 50% 50% 100% 50% 50% 80% NO YES YES NO N/A $8,000 $5,000 $3,000 $24,000 $18,000 $18,000 $20,000

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter2: The Auditor’s Responsibilities Regarding Fraud And Mechanisms To Address Fraud: Regulation And Corporate Governance
Section: Chapter Questions
Problem 19CYBK
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A B Q D Multiple Choice Exercise In auditing a non-public company, the auditor will test the internal control under which of the following situations? AR IR CR Does the Cost of Internal Cost of Substantive Control Testing Testing 5% 5% 5% 5% 50% 50% 50% 50% 100% 50% 50% 80% auditor plan to rely on Internal Control? NO YES YES NO N/A $8,000 $5,000 $3,000 $24,000 $18,000 $18,000 $20,000
Transcribed Image Text:A B Q D Multiple Choice Exercise In auditing a non-public company, the auditor will test the internal control under which of the following situations? AR IR CR Does the Cost of Internal Cost of Substantive Control Testing Testing 5% 5% 5% 5% 50% 50% 50% 50% 100% 50% 50% 80% auditor plan to rely on Internal Control? NO YES YES NO N/A $8,000 $5,000 $3,000 $24,000 $18,000 $18,000 $20,000
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