The procedures to obtain an understanding of internal control are only applied when the assessed control risk is high.

Name: The procedures to obtain an understanding of internal control are only applied when the assessed control risk is high.
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Quizplus · Accepted Answer

The procedures to obtain an understanding of internal control are applied in all cases, regardless of the assessed control risk. It is a necessary step in the auditor's overall risk assessment process.

The Procedures to Obtain an Understanding of Internal Control Are