27. If the audit firm is performing an integrated audit for a public company, A. there is an expectation that the auditor will test controls in order to support an opinion on Internal Control over Financial Reporting (ICFR) B. there is an expectation that the auditor will audit the financial statements only in order to support an opinion on ICFR C. the audit should be conducted in conjunction with the internal auditors D. the auditor should request the assistance of the prior auditor 28. If a client has strong entity-level controls, A. it is less likely that transaction-level controls will operate effectively B. It is more likely that transaction-level controls will operate effectively C. it is likely that the client has an ineffective audit committee D. it is likely that the client has a higher assessed level of inherent risk 29. Which of the following should be done by the auditor if tests of controls indicate that a key control is not functioning as designed? A. Increase the assessed level of control risk B. Increase the level of assessed detection risk C. Stabilize the nature, timing, and extent of substantive tests related to the assertion D. Rely on external controls 30. Assessing control risk begins with understanding which of the following? A. Entity-level controls B. Transaction-level controls C. Internal controls D. External controls 31. Which of the following refer(s) to the audit procedures designed to evaluate the operating effectiveness of controls in preventing, or detecting and correcting, material misstatements at the assertion level? A. Tests of controls B. Financial auditing C. External controls D. Transaction-level controls