To what extent do auditors typically rely on internal controls of their public

To what extent do auditors typically rely on internal

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13) To what extent do auditors typically rely on internal controls of their public company clients? A) extensivelyB) only very littleC) infrequentlyD) never 14) Auditors typically rely on internal controls of their private company clients 15) Which is a true statement about audit risk? 16) The risk of material misstatement refers to 17) When assessing risk, it is important to remember that A) for acceptable audit risk, the SEC decides the risk the CPA firm should take for public clients.B) inherent risk can be changed by the auditor.C) detection risk can only be determined after audit risk, inherent risk, and control risk are 5
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determined.D) control risk is determined by company management since they are responsible for internal control. 18) Which of the following is a correct relationship? 19) In a financial statement audit, inherent risk is evaluated to help an auditor asses which of the following?
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