maximur
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Which of the following is consistent with an assessed level of control risk at below the
maximum level after completing the auditors consideration of the client's internal
control over receivables? *
a. Increased materiality level in selecting receivables to be confirmed and use a positive
confirmation letter.
b. Increased materiality level in selecting receivables to be confirmed and use a negative
confirmation letter.
c. Decrease materiality level in selecting receivables to be confirmed and use a negative
confirmation letter.
d. Decrease materiality level in selecting receivables to be confirmed and use a positive
confirmation letter.
e. None of the above
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