In order to obtain an initial understanding of internal control sufficient to assess the risk of material misstatement of the financial statements, an auditor would most likely perform which of the following procedures?
a. Tests of key controls to determine whether they are effective.
b. Expanded substantive testing to identify relevant controls.
c. Analytical procedures to determine the need for specific controls.
d. Risk-assessment procedures to evaluate the design of relevant controls.
Answer: D
CPA Exam
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