Assessing acceptable audit risk and inherent risk is an important part of audit planning, because:
A) it helps to determine the timing of audit procedures.
B) it helps to determine the fees to charge for the audit.
C) it helps to determine staff to be assigned to the engagement.
D) all of the above

Question

Quizplus · Accepted Answer

The Answer of Assessing acceptable audit risk and inherent risk is an important part of audit planning, because:
A) it helps to determine the timing of audit procedures.
B) it helps to determine the fees to charge for the audit.
C) it helps to determine staff to be assigned to the engagement.
D) all of the above

Assessing Acceptable Audit Risk and Inherent Risk Is an Important