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jlg71 jlg71
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A year ago
Which of the following is an accurate statement regarding the risk assessment process of phase I of the audit process for the sales and collection cycle?

▸ Auditors must perform substantive tests related to assertions deemed to have significant risks.

▸ The auditor must relate control risk for transaction-related audit objectives to balance-related audit objectives in deciding planned inherent risk.

▸ The realizable value balance-related audit objectives are affected by assessed control risk for classes of transactions.

▸ All of these are accurate statements.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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michaelfidanzamichaelfidanza
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A year ago
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jlg71 Author
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A year ago
Good timing, thanks!
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Yesterday
Thanks
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2 hours ago
This helped my grade so much Perfect
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