Which of the following situations would not support the auditor\'s decision to reduce control risk below maximum for the audit of intangible assets?

Ibrahimhamm

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2022-06-30

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Which of the following situations would not support the auditor's decision to reduce control risk below maximum for the audit of intangible assets?

the client employs a qualified specialist who reviews the value of the intangible assets on an annual basis for impairment
the auditor documented, tested, and developed an understanding of the acquisition process and found the key controls to be effective
the IT system that maintains the records for intangible assets has adequate controls to prevent unauthorized access
the company has made no acquisitions of other companies during the fiscal year under audit

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Ibrahimhamm

2022-06-30

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D. the company has made no acquisitions of other companies during the fiscal year under audit

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