If an auditor determines that testing of controls is not cost effective, she should:

Group of answer choices

a) Assess control risk as high

b) Assess control risk as moderate

c) Assess control risk as low

d) Take a predominantly control based approach

2) If an audit firm considers that it behaves ethically because it always follows the provisions of APES 110, this is an example of: Select one:

a. Virtue ethics.

b. Teleological ethics.

c. None of the given answers are correct.

d. Deontological ethics.

Answer rating: 100% (QA)

Answer 1 a Assess control risk as high The whole point of performing controls testing is to assess c... View the full answer