For a particular account balance assertion, the auditor is most likely to be able to avoid substantive tests of details with which of these set of risk assessments? $$\begin{array} { l l l l }
& \underline {\text { Inherent }} & \underline {\text { Control }} & \underline {\text { Results of analytical procedures} } \
A . & \text { Maxirmumn } & \text { MaximmInn } & \text { Unexpected } \
B.&\text { Maximum } & \text { Maximum } & \text { Expected } \
C.&\text { Low } & \text { Low } & \text { Expected } \
D.&\text { Low } & \text { Low } & \text { Unexpected }
\end{array}$$
A) A
B) B
C) C
D) D

Question

For a particular account balance assertion, the auditor is most likely to be able to avoid substantive tests of details with which of these set of risk assessments? $$\begin{array} { l l l l } 
& \underline {\text { Inherent }} & \underline {\text { Control }} & \underline {\text { Results of analytical procedures} } \
 A . & \text { Maxirmumn } & \text { MaximmInn } & \text { Unexpected } \
B.&\text {  Maximum } & \text { Maximum } & \text { Expected } \
 C.&\text { Low } & \text { Low } & \text { Expected } \
D.&\text {  Low } & \text { Low } & \text { Unexpected }
\end{array}$$
A) A
B) B
C) C
D) D

Quizplus · Accepted Answer

When both inherent and control risks are assessed as low, and the results of analytical procedures are as expected, the auditor may decide that the risk of material misstatement is low enough to avoid or reduce substantive tests of details.

For a Particular Account Balance Assertion, the Auditor Is Most