Why is the audit team more concerned with controlling the exposure to the risk of overreliance than with the risk of underreliance?
a. Only the risk of overreliance results in an incorrect audit decision.
b. The risk of underreliance is not related to the audit team’s study and evaluation of internal control.
c. The risk of overreliance can ultimately result in the audit team’s failing to reduce audit risk to acceptable levels.
d. The risk of underreliance can be controlled by performing tests of controls during the interim period.