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Describe four matters the auditors may consider in determining whether a deficiency in internal control is significant.
– Interaction of deficiency with other control deficiencies
– Amounts/balances in financial statements exposed to the deficiency
– Likelihood of deficiency leading to material misstatement
– Susceptibility to loss/fraud of the related asset/liabilityHope this helps!
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How to find test of controls if i have already identified control given in question.
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