Assume you have performed control tests for a continuing audit client and decided that control...
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Accounting
Assume you have performed control tests for a continuing audit client and decided that control risk must be increased from the prior year due to changes in the type of transactions being processed. Assuming no change in the clients inherent risk, what is the implication for the substantive procedures you will need to perform? How will this keep audit risk at an acceptable level? Explain and be specific.
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