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Rosa Rosa
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Which of the following is an accurate statement regarding presentation and disclosure?

▸ Auditors generally set the risk as low that all required information may not be completely disclosed in the footnotes.

▸ Audit tests performed in earlier audit phases provides sufficient appropriate evidence about contingent liabilities and subsequent events.

▸ Auditors do not conduct tests of controls related to disclosures when the initial assessment of control risk is below maximum.

▸ In phase IV (completing the audit), auditors evaluate whether the overall presentation of the financial statements and related footnotes complies with accounting standards.
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Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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collegelife_288collegelife_288
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Rosa Author
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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