Manual controls require more testing than automated controls.
Correct Answer:
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Q12: The use of computer-assisted audit techniques replaces
Q13: Deciding that internal controls are effective when
Q14: Sampling risk is the risk that your
Q15: Transactions between a client and its employee
Q16: Benchmarking allows auditors to skip testing of
Q18: In selecting controls to test, the auditor
Q19: Related-party transactions frequently present greater risk than
Q20: "Tone at the top" is an example
Q21: Use of benchmarking allows the auditor to:
A)
Q22: Entity-levels controls are preventative, not detective.
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