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Choose the correct answer and explain the reason. Before performing substantive procedures...

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Accounting

Choose the correct answer and explain the reason.

Before performing substantive procedures at an interim date, an auditor should

A. Assess control risk at a low level.

B. Assess inherent risk at a high level.

C. Consider the increased risk that periodend misstatements will not be detected.

D. Determine that materiality for the accounts tested is insignificant.

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