F) Jimmy asks you about one last scenario: Controls as described management appear weak and many exceptions are expected. Inherent risks remain high and the risk to be set at low. How would you complete the following table for this scenario?

1. At what level is planned assessed level of control risk? (low; moderate; maximum)
2. Describe the scope of tests of control that will be performed. ( none or tests performed )
3. At what level is the assessed level of control risk? (low; moderate maximum )
4. At what level would you assess RMM? lowest; low; moderate ; high; highest)
5. What is the acceptable level of detection risk? (lowest ; low ; moderate ; high ; highest )
6. Describe the scope (nature timing, and extent ) of substantive tests. (lowest ; low ; moderate ; high; highest)
7. Strategy: (Indicate Reliance or Substantive )