When Weaknesses in Internal Control Are Found,the Auditor Should Develop

question 56

True/False

When weaknesses in internal control are found,the auditor should develop audit procedures to explicitly test for the existence of the type of fraud or misstatement that could occur because of the weakness.

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Definitions:

Cohen's D

A statistical measure used to assess the effect size or magnitude of the difference between two group means.

Effect

The impact or change that results from some action or intervention, often measured in experiments to understand causality.

Cohen's D

A measure of effect size indicating the difference between two means expressed in standard deviation units.

Effect

The outcome or result that is produced by a cause under study.