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Which main impact of this growth on the external audit

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Plants R Us commenced operations as a garden centre with just four personnel. Over the last seven years the company has expanded to 20 locations employing 200 people, with nine full-time accounting staff. The accounting system, which was initially manual, is now computerised to cope with the thousands of daily transactions and to provide necessary management control information. A well qualified and experienced internal audit team has been established.

Problem 1: The main impact of this growth on the external audit approach is likely to be an increasing emphasis on audit evidence obtained by which of the following?

Option 1: Walk-through tests

Option 2: Tests of control of transactions

Option 3: Substantive procedures on transactions

Option 4: Tests of detail on balances

Reference no: EM132753031

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