Assessing Control Risk at a Level Below High Most Likely

question 54

Multiple Choice

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

• A)identifying 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.

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Definitions:

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