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 report.
B) operating effectiveness of internal control policies and procedures.
C) risk that material misstatements exist in the financial report.
D) possibility that the nature and extent of substantive tests may be reduced.