1) Why does the audit firm perform tests of controls after making its preliminary assessment...
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Accounting
1) Why does the audit firm perform tests of controls after making its preliminary assessment of control risk? Discuss. (2) Could the audit firm decide not to perform tests of controls (or to reduce them to a very low level)? When and Why? Discuss. (3) Could the audit firm use analytical procedures as a method of testing of controls? Why or why not? Discuss.
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