Assessing Control Risk at a Lower Level Most Likely Would

question 56

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.