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Evaluate the validity of the following statement, giving examples to support your evaluation, "Tests of...

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Accounting

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Evaluate the validity of the following statement, giving examples to support your evaluation, "Tests of controls are a waste of the auditor's time and effort because management can override and more often do override decisions made, which will always mean controls will be ineffective. To that end, auditors should only perform substantive procedures". (6 marks)

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