Assessing control risk at a lower level involves all of the following except: Group of answer choices Identifying specific controls to rely on. Concluding that controls are ineffective. Performing tests of controls. Analyzing the achieved level of control risk after performing tests of controls.

Concluding that controls are ineffective

Explanation:

Control risk is defined as the probability that there is misrepresentation of facts in financial statements bas result of significant control failures. When there are lapses in a business's controls there will be undocumented asset losses.

The profit on the financial statement will be an overstatent of reality.

At the lower level of control risk, people feel that controls are ineffective. This leads to practices that goes against laid down rules, and eventually results in loss.