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What is the ultimate purpose of assessing control risk?

What is the ultimate purpose of assessing control risk?<br/>

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Asked by Dodonutt, Last updated: Jan 06, 2025

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dodonutt

dodonutt

dodonutt
Dodonutt

Answered Oct 18, 2017

Risk that material misstatements exist in the financial statements.

LO #10-5, 10-6, 10-8
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