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  3. when a compensating control exists, the absence of

When a compensating control exists, the absence of a key control: a. Is no...

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Accounting

When a compensating control exists, the absence of a key control:
a. Is no longer a concern because there is no longer a significant deficiency or materi
d. Is magnified and must be removed from the sampling process and examined in its
b. Is still a major concern to the auditor.
c. Could cause a material loss, so it must be tested using substantive procedures.
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