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Imagine if an organization's internal control is very strong and effective, further at the planning...

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Accounting

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Imagine if an organization's internal control is very strong and effective, further at the planning stage of the audit, based on the initial risk assessment process, the auditors have identified that the overall audit risk is very low. You are required to assess the above situation and choose the probable outcome of the scenario. a. No material misstatement b. Less chance of material misstatement and auditors perform more detailed audit procedures c. More chance of material misstatement and auditors perform detailed audit procedures O d. Less chance of material misstatement and auditors perform less audit procedures

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