Rumning Time: 59 minutes, 00 seconds. Question Completion Status: QUESTION 37 The company is medium sized with some controls and a few inherent risks. Procedures to obtain an understanding of internal control were done to a medium level. The most likely reason for the auditor not to have done this testing at an extensive level was A the benefits achieved out weighed the added costs B. the cost were too high C. the controls were not going to be relied on D. control risk was assessed as medium QUESTION 38 For the company mentioned in the previous example substantive tests would probably be conducted at which of the following levels Anot done at all B. at the lowest possible level C.at a medium level D. at the highest possible level QUESTION 39 For the company mentioned at the previous question, test of controls discoved scant control deviations and errors. The level of control risk would most likely be set: A at the highest possible level B.at a level to be determined at a later date C.at the lowest possible level D. at the level initially assessed O . search e 3 II DELL FO F2 FO F3 F4 FO F7 FB F2 FI A @ 2 $ 4 % 5 & 7 * 8 0 6 1 3 o P 1 U Y T R Q W E L J H G F S . D A