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Which auditors must obtain understanding of internal control

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Reference no: EM132716289

Problem 1: Auditors must obtain an understanding of internal control because:

Multiple Choice

Option 1: audit control testing procedures must be focused on any control deficiencies and weaknesses that might exist.

Option 2: the financial statements determine the appropriate business processes and internal control framework.

Option 3: it is critical when assessing the possibility that management controls have not addressed the business risks that could lead to the financial statements being misstated.

Option 4: they are responsible for implementing company-level controls and specific control activities in the auditee's control framework.

Reference no: EM132716289

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