Once an understanding of the client's internal control is obtained that is sufficient for audit planning, then the auditor must first assess:
A) whether the financial statements are auditable.
B) the level of control risk supported by the understanding obtained.
C) the level of control risk.
D) whether a lower level of control risk could be supported.

Question

Quizplus · Accepted Answer

The Answer of Once an understanding of the client's internal control is obtained that is sufficient for audit planning, then the auditor must first assess:
A) whether the financial statements are auditable.
B) the level of control risk supported by the understanding obtained.
C) the level of control risk.
D) whether a lower level of control risk could be supported.

Once an Understanding of the Client's Internal Control Is Obtained