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Which statements relating to the assessment of control risk

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Reference no: EM132726152

Problem 1: Which of the following statements relating to the assessment of control risk is most correct?

A. If control risk is assessed as high, audit risk can be reduced to a sufficiently low level by reducing the level of inherent risk.

B. In the interests of efficiency, the auditor should be reasonably confident that test of controls will support an assessment of control risk of less than high.

Reference no: EM132726152

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