Reference no: EM133924819

Question: As part of the audit of Main Co, James set the accepted projected population deviation rate at 1% for test of controls. When completing a data test facility test of controls on 2,000 invoices (from a total of 300,000 transactions), James finds that the control had not been fully effective in 18 cases. What should James do in this situation? Rely on the controls when assessing the level of substantive audit procedures required Do not rely on the control and increase the level of substantive testing Rely on other controls instead Rely on other controls and increase the level of substantive testing Get online assignment help-AI & plagiarism-free-now!