The assessment of control risk is the measure of the auditor's expectation that internal controls will prevent material misstatements from occurring or detect and correct them if they have occurred.

Question

Quizplus · Accepted Answer

The assessment of control risk is exactly as described in the statement - it is the auditor's evaluation of how effective internal controls are in preventing, detecting, and correcting material misstatements.

The Assessment of Control Risk Is the Measure of the Auditor's