After obtaining an understanding of the internal control struture and assessing control risk of an...
70.2K
Verified Solution
Question
Accounting
After obtaining an understanding of the internal control struture and assessing control risk of an entity, an auditor decided NOT to perform tests of controls. The auditor most likely decided that
a. the available evidential matter obtained through tests of controls would NOT support an increased level of control risk
b. a reduction in the assessed level of control risk is justified for certain financial statement assertions
c. it would be inefficient to perform test of controls that would result in a reduction in substantive tests
d. the assesed level of inherent risk exceeded the asessed level of control
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.