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

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Here is the solution for The ultimate purpose of assessing control risk is to contribute to the auditor’s evaluation of the risk that:. The solution is given after the options.

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

Tests of controls may fail to identify procedures relevant to assertions.

Material misstatements may exist in the financial statements.

Specified controls requiring segregation of duties may be circumvented by collusion.

Entity policies may be overridden by senior management.

Correct Answer

Material misstatements may exist in the financial statements.

Explanation:

Material misstatements may exist in the financial statements. is the answer for The ultimate purpose of assessing control risk is to contribute to the auditor’s evaluation of the risk that:

Conclusion:

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