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Unformatted text preview: Risk Inherent Risk = X X Risk of Material Misstatement Not controllable by auditor Focus of Substantive Testing Applies to both financial statements taken as a whole AND to classes of transactions, specific accounts and individual disclosures...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.
- Fall '08