Question: An auditor uses the knowledge provided by the understanding of internal control and the assessed level of the risk of material misstatement primarily to a.

An auditor uses the knowledge provided by the understanding of internal control and the assessed level of the risk of material misstatement primarily to

a. Determine whether procedures and records concerning the safeguarding of assets are reliable.

b. Ascertain whether the opportunities to allow any person to both perpetrate and conceal fraud are minimized.

c. Modify the initial assessments of inherent risk and preliminary judgments about materiality levels.

d. Determine the nature, timing, and extent of substantive tests for financial statement assertions.

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