An operating deficiency occurs when a control fails to prevent or detect a material misstatement.
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Q28: Substantive testing can be reduced as a
Q29: Entity-level controls include ITGC.
Q30: A material weakness occurs when it is
Q31: The auditor must index the files to
Q32: Inherent risk cannot be controlled by the
Q34: Reviewing sales invoices and asking a sales
Q35: An auditor wishing to reperform a control
Q36: Preventative controls are preferred over detective controls.
Q37: When testing the occurrence assertion, the auditor
Q38: A significant deficiency is more serious than
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