Assume the Preliminary Audit Strategy Was Based on a Planned

Multiple Choice

Assume the preliminary audit strategy was based on a planned assessed level of control risk at a low level. Based on the final assessed level of control risk, the auditor would need to move substantive tests from interim to year-end and increase the extent of tests of details in order to accommodate a lower acceptable level of detection risk if:

A) the final assessed level of control risk was moderate or high.
B) the final assessed level of control risk was low or very low.
C) the final assessed level of inherent risk was high or very high.
D) the final assessed level of inherent risk was low or very low.
E) the final assessed level of analytical procedures risk was moderate of high.