If the Client Has Well-Designed, Implemented, and Documented Controls Over

Multiple Choice

If the client has well-designed, implemented, and documented controls over the preparation of accounting estimates, then an appropriate risk response would be _______.

A) to focus this audit time on another area, and conclude there is no material risk in this area
B) to test the operating effectiveness of the controls
C) to test the operating effectiveness of the assertions
D) to obtain written representation from management to this effect, which negates the need for any testing