During the prior-year audits of McKimmon, Inc., a privatecompany, the auditor did tests of controls for all relevant financial statement assertions.Some of the related controls are manual while others are automated. Describe the extentthe auditor can rely on tests of controls performed in prior years.
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During the prior-year audits of McKimmon, Inc., a private
company, the auditor did tests of controls for all relevant financial statement assertions.
Some of the related controls are manual while others are automated. Describe the extent
the auditor can rely on tests of controls performed in prior years.
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