An auditor uses the assessed level of control risk

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Reference no: EM131219514

An auditor uses the assessed level of control risk to (which is right answer)

a. Evaluate the effectiveness of the entity's internal control policies and procedures.

b. indicate whether materiality thresholds for planning and evaluation purposes are sufficiently high.

c. determine the acceptable level of detection risk for financial statement assertions.

d. identify transactions and account balances where inherent risk is at the maximum.

Reference no: EM131219514

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