Assessing Control Risk at a Level Below High Most Likely

question 35

Multiple Choice

Assessing control risk at a level below high most likely would involve:

• A) identifying specific internal controls relevant to specific assertions.
• B) changing the timing of substantive tests by omitting interim testing and performing the tests at year-end.
• C) reducing inherent risk for most of the assertions relevant to significant account balances.
• D) performing more extensive substantive tests with larger sample sizes than originally planned.