When the Assessed Level of Inherent Risk for Material Misstatement

Multiple Choice

When the assessed level of inherent risk for material misstatement is not high,but the control risk is,the audit plan should call for:

A) Gathering a relatively low level of substantive audit evidence.
B) Gathering a moderately persuasive level of planned substantive evidence.
C) Performing extensive tests of controls to reduce control risk to an acceptably low level.
D) Gathering a highly persuasive level of substantive evidence.