An auditor assesses the level of control risk to:
A) determine the extent of tests of controls to be performed.
B) determine the extent of substantive tests to be performed.
C) ascertain whether irregularities are probable.
D) ascertain whether any employees have incompatible duties.

Question

Quizplus · Accepted Answer

The level of control risk helps the auditor determine the extent of substantive tests needed; higher control risk means more substantive testing is required.

An Auditor Assesses the Level of Control Risk To