The auditor's control risk assessment will affect the procedures to be included in the audit.

Question

Quizplus · Accepted Answer

The auditor's assessment of control risk affects the nature, timing, and extent of audit procedures to be performed. Higher control risk would necessitate more substantive procedures, while lower control risk would allow for more reliance on internal controls and less substantive testing. Therefore, the auditor's control risk assessment has a direct impact on the scope of the audit procedures.

The Auditor's Control Risk Assessment Will Affect the Procedures to Be