Assessing control risk at a lower level involves all of the following except:
A)identifying specific controls to rely on.
B)concluding that controls are ineffective.
C)performing tests of controls.
D)analyzing the achieved level of control risk after performing tests of controls.

Question

Quizplus · Accepted Answer

Assessing control risk at a lower level involves identifying specific controls to rely on, performing tests of controls, and analyzing the achieved level of control risk after performing tests of controls. Concluding that controls are ineffective would result in an assessment of maximum control risk, not a lower level of control risk. Therefore, option B is not a part of assessing control risk at a lower level.

Assessing Control Risk at a Lower Level Involves All of the Following