Question: Required information Skip to question Risks and Controls in an IT Environment Read the overview below and complete the activities that follow. The nature of

Required information Skip to question Risks and Controls in an IT Environment Read the overview below and complete the activities that follow. The nature of the client's IT system will affect the risks that management must confront in designing controls for the system. In assessing the risks of material misstatement, the auditors should identify these risks and evaluate the effectiveness of the related controls in mitigating those risks. CONCEPT REVIEW: Auditors assess the risks of material misstatements by using all the audit evidence obtained on the client and its environment, including its internal control. When assessing the risks of material misstatement, the auditors should identify these risks and evaluate the effectiveness of the related controls in mitigating those risks in an IT environment

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