A) Consider the likelihood that identified risks could result in material misstatement B) Identify risks C) Determine the Risk of Incorrect Acceptance

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter7: Planning The Audit: Identifying, Assessing, And Responding To The Risk Of Material Misstatement
Section: Chapter Questions
Problem 10RQSC
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In order to assess Control Risk/the risk of material misstatement, the auditor would complete all of the following steps except:

A) Consider the likelihood that identified risks could result in material misstatement

B) Identify risks

C) Determine the Risk of Incorrect Acceptance

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