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Discuss the relationships among the initial assessed control risk, test of controls, and substantive tests of...

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Accounting

Discuss the relationships among the initial assessed controlrisk, test of controls, and substantive tests of transactions forcash disbursements, and the tests of details of cash balances.Provide one example in which the conclusions reached about internalcontrols in cash disbursements will affect the tests of cashbalances.

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If the auditors understanding of internal control and tests of controls and substantive tests of transactions during the acquisition and payment cycle cause them to believe that it is recommended to reduce the assessed control risk level to low they can reduce detailed tests of the ending    See Answer
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