After the Auditor Completes Test of Controls and Draws Conclusion

question 60

Short Answer

After the auditor completes test of controls and draws conclusion about control risk, the auditor makes decisions about the nature, timing, and extent of _______.
[substantive testing] | sampling risk | non-sampling risk | control exception

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Definitions:

Probes

In sales, questions asked by the salesperson to uncover the needs, interests, and objections of a potential buyer.

Obtain Information

The act of acquiring data, facts, or insights through various means, which can be used for decision-making, problem-solving, or to increase understanding.

SPIN Approach

A sales technique that focuses on Situation, Problem, Implication, and Need-Payoff questions to understand a prospect's needs and sell more effectively.

Fourth Category

A classification term that could refer to the additional grouping in a set, often used when items are divided into several distinct types.