Provide outcome in an audit of financial statements


Question: Which of the following statements is a likely outcome in an audit of financial statements? Group of answer choices An increase in control risk will likely result in an increase in substantive testing An increase in inherent risk will likely result in a decrease in substantive testing An increase in control risk will likely result in an increase in inherent risk An increase in control risk will likely result in a decrease in inherent risk

 

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Accounting Basics: Provide outcome in an audit of financial statements
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