If results from the tests of controls show the internal controls are effective at preventing and/or and overall detecting material misstatements, auditors will conclude that control risk is risk of material misstatement (RMM) is O high; high O low; high low; low O high; low

If results from the tests of controls show the internal controls are effective at preventing and/or and overall detecting material misstatements, auditors will conclude that control risk is risk of material misstatement (RMM) is O high; high O low; high low; low O high; low

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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Question

If results from the tests of controls show the internal controls are effective at preventing and/or
and overall
detecting material misstatements, auditors will conclude that control risk is
risk of material misstatement (RMM) is
O high; high
O low; high
low; low
O high; low

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