What two aspects of internal control must the auditor assess when performing procedures to obtain an understanding of internal control?

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asked Jun 25, 2022 120k views

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Amavroudakis · Answer 1 · 2022-06-29T09:28:35+0000

The auditor must obtain an understanding of and perform tests of controls related to all significant account balances, classes of transactions, and disclosures and related assertions in the financial statements.

What two aspects of internal control must the auditor assess when performing procedures to obtain an understanding of internal control?

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