An auditor uses assessed control risk to(1) evaluate the effectiveness of the entity’s internal controls.(2) identify transactions and account balances where inherent risk is at the maximum.(3) indicate whether materiality thresholds for planning and evaluation purposesare sufficiently high.(4) determine the acceptable level of detection risk for financial statement assertions

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Q: T/F The AICPA's “audit risk model" applies to the relevant assertion-level of an individual audit…

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Q: inappropriate during the risk assessment procedure of the audit engagement?

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A: Answer: