By Assessing Control Risk as High, an Auditor Has Determined

question 33

Multiple Choice

By assessing control risk as high, an auditor has determined that their client's system of internal controls

• A) is unlikely to be effective in mitigating inherent risks identified.
• B) is very effective at preventing or detecting material misstatements.
• C) is very strong.
• D) will eliminate the possibility of material fraud or error.

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Definitions:

High-School Graduate

An individual who has successfully completed the course of study at a high school, earning a diploma or certificate of completion.

Submarine Warfare

A mode of naval warfare in which submarines utilize stealth and underwater capabilities to attack and disrupt enemy vessels and shipping.

Passenger Vessels

Ships or boats that carry people from one place to another, over bodies of water, offering services ranging from basic transport to luxury cruises.