Which of the Following Is NOT Part of the Four-Step

Multiple Choice

Which of the following is NOT part of the four-step approach used by auditors to reduce assessed control risk?

A) Identify key controls that should reduce control risk for each transaction-related audit objective.
B) Develop appropriate tests of controls for all internal controls that are used to reduce the preliminary assessment of control risk below maximum (key controls) .
C) Apply the transaction-related objectives to the class of transactions being tested.
D) Perform analytical procedures on the transaction cycle tested.