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For a particular account balance assertion, the auditor is most likely to be able to avoid substantive test of details with which of these sets of risk assessments? Results of analytical procedures Unexpected Expected Expected Unexpected A. B. C. D. a. A. b. B. c. C. d. D. Inherent Maximum Maximum Low Low Control Maximum Maximum Low Low

For a particular account balance assertion, the auditor is most likely to be able to avoid substantive test of details with which of these sets of risk assessments? Results of analytical procedures Unexpected Expected Expected Unexpected A. B. C. D. a. A. b. B. c. C. d. D. Inherent Maximum Maximum Low Low Control Maximum Maximum Low Low

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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For a particular account balance assertion, the auditor is most likely to be able to avoid substantive test of details with which of these sets of risk assessments? Results of analytical procedures Unexpected Expected Expected Unexpected Inherent Maximum Maximum A. B. C. Low D. Low a. A. b. B. c. C. d. D. Control Maximum Maximum Low Low
Transcribed Image Text:For a particular account balance assertion, the auditor is most likely to be able to avoid substantive test of details with which of these sets of risk assessments? Results of analytical procedures Unexpected Expected Expected Unexpected Inherent Maximum Maximum A. B. C. Low D. Low a. A. b. B. c. C. d. D. Control Maximum Maximum Low Low
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