Question: After obtaining an understanding of internal control and assessing the risk of material misstatement, an auditor decided to perform tests of controls. The auditor most

After obtaining an understanding of internal control and assessing the risk of material misstatement, an auditor decided to perform tests of controls. The auditor most likely decided that

a. It would be efficient to perform tests of controls that would result in a reduction in planned substantive tests.

b. Additional evidence to support a further reduction in the risk of material misstatement is not available.

c. An increase in the assessed level of the risk of material misstatement is justified for certain financial statement assertions.

d. There were many internal control weaknesses that could allow misstatements to enter the accounting system.

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