The Ultimate Purpose of Assessing Control Risk Is to Contribute

Multiple Choice

The ultimate purpose of assessing control risk is to contribute to the auditor's evaluation of the:

A) Factors that raise doubts about the auditability of the financial statements.
B) Operating effectiveness of internal control activities.
C) Risk that material misstatements exist in the financial statements.
D) Possibility that the nature and extent of substantive tests may be reduced.