Problem

If the financial reporting risks for a location are low and the entity has good entity-lev...

If the financial reporting risks for a location are low and the entity has good entity-level controls, management may rely on which of the following for its assessment?

a. Documentation and test controls over specific risks.

b. Self-assessment processes in conjunction with entity-level controls.

c. Documentation and test entity-level controls over the entire entity.

d. Selective control test at that location.

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