Assessing Control Risk at a Lower Level Most Likely Would

question 33

Multiple Choice

Assessing control risk at a lower level most likely would involve:

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

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Definitions:

Fragment

A small part broken off or separated from something larger.

Inspire Them

Motivate or encourage individuals to feel or act in a particular way, often towards achieving something positive.

Computer Science

The study of computers and computational systems, including their theory, design, development, and application.

Young Inventor

A young individual, often a child or teenager, who creates or devises a new device, process, or technique.