MCQOPTIONS
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| 1. |
An auditor assesses control risk because it |
| A. | Affects the audit risk |
| B. | Affects the level of detection risk that auditor may accept |
| C. | Helps him to fix materiality level for each financial assertion |
| D. | Is directly related to inherent risk |
| Answer» C. Helps him to fix materiality level for each financial assertion | |