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Which conclusions drawn by the auditor is most valid

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Reference no: EM132697867

Problem 1: Which of the following conclusions drawn by the auditor is most valid?

A. The control that the auditor was planning to rely on was found, upon completion of the tests of controls, to be ineffective and there are no compensating controls that the auditor can identify or wishes to test. The auditor, therefore, plans to achieve a lower level of inherent risk than originally anticipated.

B. Upon the completion of tests of controls, the sample deviation rate was found to be lower than the tolerable deviation rate. The auditor, therefore, concludes that the control activity can be relied on.

Reference no: EM132697867

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