The Auditor Can Conclude That Control Risk Is Low

question 28

Multiple Choice

The auditor can conclude that control risk is low:

• A) after identifying specific controls that will reduce control risk and making an assessment of control risk.
• B) after testing the controls for effectiveness.
• C) after obtaining an understanding of the control environment and the accounting system at a fairly detailed level.
• D) only after all three steps above are completed.

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