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The ________ to auditing provides auditors with a clear understanding of possible errors and irregularities and the related risks and exposures. Question 4 According to the risk-based auditing approach, when a control deficiency is identified, the auditor should inquire about Question 5 Control risk is defined as the Question 6 During the sales order entry process, a ________ is performed to verify that each transaction record contains all appropriate data items. Question 7 The shipping department at Squishy Things Toy Company follows policies that determine which carrier will deliver orders according to the size, weight, and destination of the shipment. It maintains standing agreements with shippers that specify legal responsibility for the shipment while it is in transit. The terms of the agreements are documented on Question 8 When an ERP is used, it is assumed that there will be increases in efficiency and the effectiveness of the activities related to the revenue cycle. However, what must be in place and functioning well to fully realize these benefits? Question 9