Question

Regardless of the assessed level of control risk, an auditor must perform:

a. tests of control to determine the effectiveness of internal control.
b. analytical procedures to verify the design of internal control.
c. substantive tests to restrict detection risk.
d. tests to evaluate the risk of monetary misstatement.

Answer 1

An auditor must perform tests of control, substantive tests, and tests to evaluate the risk of monetary misstatement regardless of the assessed level of control risk.

Step-by-step explanation:

Regardless of the assessed level of control risk, an auditor must perform:

1. tests of control to determine the effectiveness of internal control.
2. substantive tests to restrict detection risk.
3. tests to evaluate the risk of monetary misstatement.