An Auditor Uses the Assessed Level of Control Risk To

Multiple Choice

An auditor uses the assessed level of control risk to:

A) Evaluate the effectiveness of the entity's internal control.
B) Identify transactions and account balances where inherent risk is at the maximum.
C) Indicate whether materiality thresholds for planning and evaluation purposes are sufficiently high.
D) Determine the acceptable level of detection risk for financial statement assertions.