The following are three decision factors related to the assessed level of control risk: effectiveness of internal

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The following are three decision factors related to the assessed level of control risk: effectiveness of internal controls, cost-effectiveness of a reduced assessed level of control risk, and results of tests of controls. Identify the combination of conditions for these three factors that is required before a reduction in substantive procedures is permitted.
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Auditing The Art and Science of Assurance Engagements

ISBN: 978-0133098235

12th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser

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