Tests of controls are most likely to be omitted when(1) an account balance reflects many transactions.(2) control risk is assessed at less than the maximum.(3) the understanding of the control structure indicates that evaluating the effectiveness of control policies and procedures is likely to be inefficient.(4) the auditor wishes to increase the acceptable level of detection risk.

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Q: An auditor’s preliminary control risk assessment is at a high level. Which of the following are…

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Q: audit procedures

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A:

Q: The risk of a material misstatement in the financial statements arising due to error or omission as…

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Q: On the basis of audit evidence gathered and evaluated, an auditor decides to decrease the level of…

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A: Answer:   Option C.

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A: As per the guidelines, only one question is allowed to be solved. Please upload separate questions…

Q: Based on evidence gathered and evaluated, an auditor decides to increase the assessedlevel of…

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