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1. Give examples of responses to the assessed risk of material misstatement. 2. What is...

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Accounting

1. Give examples of responses to the assessed risk of material misstatement.

2. What is the relationship of a less than high control risk assessment to the nature, extent, and timing of substantive tests?

3. How are audit matters related to internal control communicated to management and to those charged with governance?

4. When is the control risk assessment High? Less than high?

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