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Questions 1. For each issue identified by managements investigation, determine whether it...

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Accounting

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1. For each issue identified by managements investigation, determine whether it creates a financial statement level risk or an assertion level risk. For any assertion level risks identified, determine the key account and key assertion at risk.
2. From the list of controls selected for testing, determine whether the control is an IT application control or general IT control.
3. For each control, design a test of control to assess whether it has been operating effectively (i.e. the control has met its control objective).
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