The auditor has some control over:
A) the assessed level of inherent risk.
B) the actual level of inherent risk.
C) both the actual level and the assessed levels of inherent risk.
D) neither the actual level nor the assessed level of inherent risk.
E) the projected level of inherent risk.

Question

Quizplus · Accepted Answer

The auditor has some control over the assessed level of inherent risk because they can use their professional judgment to evaluate the susceptibility of the financial statements to material misstatement.

The Auditor Has Some Control Over