Which of the following should an auditor do when control risk is assessed at the maximum...
Which of the following should an auditor do when control risk is assessed at the maximum level?
Multiple Choice
A. Document the control structure more extensively.
B. Perform fewer substantive tests of details.
C. Document the assessment.
D. Perform more tests of controls.
Homework Answers
solution
The solution to the problem is option C -Document the assessment .
When an auditor assesses the control risk at the maximum level he must document the assessment .
The document the assessment is an activity where complete documentation of all aspects of the assessment which is performed . Assessment is a tool of business to recognise its present position of what is being assessed and find out opportunities to improve business funtions .
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