The ultimate purpose of assessing control risk is to contribute to the auditor’s evaluation of the: a. Factors that raise doubts about the auditability of the financial statements. b. Operating...

The
ultimate
purpose of assessing control risk is to contribute to the auditor’s evaluation of the:

a. Factors that raise doubts about the auditability of the financial statements.

b. Operating effectiveness of internal controls.

c. Risk that material misstatements exist in the financial statements.

d. Possibility that the nature and extent of substantive tests may be reduced.