Assessing control risk at less than high involves all of the following except:
A)identifying specific controls to rely on.
B)concluding that controls are ineffective.
C)performing tests of controls.
D)analysing the achieved level of control risk after performing tests of controls.

Question

Quizplus · Accepted Answer

Assessing control risk at less than high involves identifying specific controls to rely on, performing tests of controls, and analyzing the achieved level of control risk after performing tests of controls. Concluding that controls are ineffective would result in a high level of control risk, which is not less than high. Therefore, option B is the correct answer as it is not a step in assessing control risk at less than high.

Assessing Control Risk at Less Than High Involves All of the Following