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Homework answers / question archive / Which of the following situations would most likely preclude an auditor from performing substantive procedures during an interim period? Internal controls are weak and the risk of material misstatement is high

Which of the following situations would most likely preclude an auditor from performing substantive procedures during an interim period? Internal controls are weak and the risk of material misstatement is high

Accounting

Which of the following situations would most likely preclude an auditor from performing substantive procedures during an interim period?

Internal controls are weak and the risk of material misstatement is high.

Internal controls are weak and the risk of material misstatement is low.

Internal controls are strong and the risk of material misstatement is high.

Internal controls are strong and the risk of material misstatement is low

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