The Ultimate Purpose of Assessing Control Risk Is to Contribute

The ultimate purpose of assessing control risk is to contribute to the auditor's evaluation of the risk that:

A) Specific internal control activities are not operating as designed.
B) The collective effect of the control environment may not achieve the control objectives.
C) Tests of controls may fail to identify activities relevant to assertions.
D) Material misstatements may exist in the financial statements.

Correct Answer:

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