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jonaschem16 jonaschem16
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A year ago
When an audit client uses a service organization to manage their investment activity,

▸ the auditor can always rely on the internal controls of the service organization.

▸ the auditor must state in their audit opinion that the client uses a service organization.

▸ the auditor can rely on the internal controls of the service organization if the service organization's auditor issues a report on their internal control.

▸ the auditor must rely on the service organization to determine the fair level 1, 2, and 3 estimates.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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mkql12mkql12
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A year ago
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jonaschem16 Author
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Thanks for your help!!
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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This site is awesome
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