9.5 The auditor’s preliminary evaluation of the internal control system of a company is that it is effective in ensuring the completeness and accuracy of the accounting records because the company has implemented multiple controls, including good segregation of duties. However,the auditor is aware that the effectiveness of the company’s internal controls is limited by the possibility of collusion.What level of reliance on internal controls and what types and extent of testing would the auditor normally plan to carry out?
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