the suditor of Greek Corporation, a non-public company. Below are two situations that could occur after you obtain your understanding of interlock utions assume inherent risk is at a high level. For the following five questions, determine which situation is most accurate for the statement presented Situation Aloha: While obtaining an understanding of internal control, you have determined that it appears to be strong. You decide not to test controls in the area. ution Beta While obtaining an understanding of internal control, you have determined that it appears to be strong. You decide to test controls in the area. The control testing reveals that the internal controls function well as you expected. Select The risk of material misstatement will be higher in this situation The assessed level of control risk is lower for this situation Select The detection risk is higher for this situation More tests of controls will be performed in this situation More substantive procedures will be performed in this situation the suditor of Greek Corporation, a non-public company. Below are two situations that could occur after you obtain your understanding of interlock utions assume inherent risk is at a high level. For the following five questions, determine which situation is most accurate for the statement presented Situation Aloha: While obtaining an understanding of internal control, you have determined that it appears to be strong. You decide not to test controls in the area. ution Beta While obtaining an understanding of internal control, you have determined that it appears to be strong. You decide to test controls in the area. The control testing reveals that the internal controls function well as you expected. Select The risk of material misstatement will be higher in this situation The assessed level of control risk is lower for this situation Select The detection risk is higher for this situation More tests of controls will be performed in this situation More substantive procedures will be performed in this situation