hich explanation best describes how inherent risk relates to internal controls? a. Controls exist to...
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Accounting
hich explanation best describes how inherent risk relates to internal controls? a. Controls exist to address the risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated. b. Controls exist to address the inherent risk of material misstatement. Therefore, it would be impossible to evaluate the effectiveness of controls without first knowing the risks, or bad outcomes, that the controls are designed to mitigate. c. Controls exist to address the
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