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3-1 LO 1 Effective internal control allows for more informed decisions by internal and external… 1 answer below » 3-1 LO 1 Effective internal control allows for more informed decisions by internal and external users of the financial information. 3-2 LO 1 While understanding a client’s internal control over financial reporting may help the external auditor plan the audit, the external auditor is not required to obtain this understanding for all audit engagements. Nov 30 2015 05:07 PM
