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When planning an audit, the auditor's assessed level of control risk is: A) determined by using actuarial tables. B) calculated by using the audit...

When planning an audit, the auditor’s assessed level of control risk is:
A) determined by using actuarial tables.
B) calculated by using the audit risk model.
C) an economic issue, trading off the costs of testing controls against the cost of testing balances.
D) calculated by using the formulas provided in the AICPA’s auditing standards.

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