41 An auditor assesses the risk of material misstatement because it: Multiple Choice 01.22.48 Pint
_(_())_(_())is relevant to the auditor's understanding of the control emironment.
?provides assurance that the auditor's overal materiality levels are appropriate.
?Indicates to the auditor where inherent risk may be the greatest.
_(_())_(_())affects the level of detection risk that the auditor may accept. Mc Prey 41 of 50 Graw Hill