CPA Aud Quiz
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ASSESSING RISK AND DEVELOPING A PLANNED RESPONSE
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A group audit is being performed for an issuer under PCAOB standards. The group auditor plans to use the work of a component auditor for a significant component and to assume the component auditor tested revenue controls. The component auditor's report indicates they performed a substantive-only approach and did not test controls. Based on the auditor's assessment, which factor should influence the reliance on component auditors?
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