When assessing control risk,
A) many auditors use actuarial tables to assist in the control risk assessment process.
B) each control can be used to satisfy only one audit objective.
C) many auditors use a control risk matrix to assist in the control risk assessment process.
D) all controls, including key controls, should be considered.

Question

Quizplus · Accepted Answer

Many auditors use a control risk matrix to assist in the control risk assessment process. This matrix helps auditors to identify and evaluate the effectiveness of various controls in mitigating specific risks. It also helps auditors to determine the level of control risk associated with each control.

When Assessing Control Risk