To support an assessment that control risk is low,the auditor of financial statements must:
A)achieve the same conclusion after appropriately testing internal control.
B)achieve the same conclusion after appropriately performing substantive procedures.
C)perform increased substantive procedures in order to compensate for the lower rating.
D)perform limited substantive procedures as the assessment is justified.

Question

Quizplus · Accepted Answer

The auditor must test the internal controls to ensure they are effective before concluding that control risk is low.

To Support an Assessment That Control Risk Is Low,the Auditor