In Obtaining Evidence Concerning the Cash Balance, the Auditor Performs

Multiple Choice

In obtaining evidence concerning the cash balance, the auditor performs the following procedures: Scan client-prepared bank reconciliations and verify the mathematical accuracy of the reconciliation. In this case, it is likely that:

A) detection risk is set at moderate to high.
B) detection risk is set at low to very low.
C) control risk is set at slightly below maximum to maximum.
D) control risk is set at moderate to high.
E) control risk is set at minimum to high.