ch15 mc - Exam Name MULTIPLE CHOICE Choose the one...

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Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the quest 1)Tests of details of balances relate to 1) A) control risk. B) planned detection risk. C) substantive risk. D) inherent risk. 2) Victor is performing a test of control to determine that the system correctly classifies the AR in the aging of accounts receivable. Victor is concerned with what aspect of the internal controls? 2) 3)Audit risk is assessed for 3) A) various accounts but not for the financial statements as a whole. B) the financial statements as a whole and then allocated to various accounts. C) various accounts and objectives, and the sum is then assigned to the financial statements as a whole. D) the financial statements as a whole and is not usually allocated to various accounts or objectives.
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