control risk in order to reduce
1: Additional compliance tests is necessary when an auditor may desire a further reduction in the assessed level of control risk in order to reduce even further the extent of substantive tests to be applied to year-end account balances.
$2: Regardless of how low the assessed level of control risk, the acceptable level of detection risk could never be so low as to preclude the need for any substantive tests at all.
$3: Material weaknesses are those reportable conditions for which there is more than a relatively moderate risk that the deficiency may result in misstatements that are material to the financial statements.
A: Ifall statements are correct.
B-If only one statement is correct.
C-If only two statements are correct.
D- If all statements are incorrect.
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