Using the audit risk model, audit risk describes targeted assurance, while control risk and inherent risk are assessed based upon a variety of factors. Of the components of the audit risk model, which is most likely to be set to 100%?
A) audit risk
B) control risk
C) detection risk
D) inherent risk

Question

Quizplus · Accepted Answer

Control risk is often set to 100% when auditors decide not to rely on the client's internal controls and instead perform substantive testing to gather audit evidence.

Using the Audit Risk Model, Audit Risk Describes Targeted Assurance