Assume that you planned the audit estimating that the internal control system would detect material...
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Accounting
Assume that you planned the audit estimating that the internal control system would detect material misstatements 50% of the time and XYZ Company. You have now performed tests of internal controls and have determined that the internal control system will detect material misstatements 70% of the time. Will this result require an increase, decrease or the same amount of substantive testing
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