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ACC/491 ACC491 ACC 491 Week 2 Quiz

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ACC 491 Week 2 Quiz 1. Evidence obtained from third parties, such as, vendors or creditors, is more reliable than evidence obtained from an audit client. 2. According to the third generally accepted standard of audit fieldwork, what should auditors obtain in order to afford a reasonable basis for an opinion on the financial statements? 3. List the components of an audit risk model. 4. What are the five categories of management assertions?

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