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In October 2013, the PCAOB Staff Audit Practice Alert No

Question 71

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In October 2013, the PCAOB Staff Audit Practice Alert No.11, titled "Considerations for Audits of Internal Control over Financial Reporting". In this Staff Audit Practice Alert, the PCAOB highlighted three common deficiencies related to audits of internal control. Name these three common deficiencies.

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The failure of the auditor to understand...

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