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NEW QUESTION: 1
An audit group is conducting a risk assessment as part of a risk-based audit strategy. To help ensure the risk assessment results are relevant to the organization, it is MOST important to:
A. understand the organization's objectives and risk appetite.
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C. understand the organization's controls.
D. determine both the inherent risk and detection risk.
Answer: A
NEW QUESTION: 2
DRAG DROP
Answer:
Explanation:
NEW QUESTION: 3
A buy-in of a customer's sale transaction is mandated if the securities have not been received by the
broker/dealer within how many business days following the settlement date:
A. 0
B. 1
C. 2
D. 3
Answer: B
Explanation:
10. If a customer fails to deliver securities within ten days after settlement, the broker must
repurchase the securities.
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