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.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.