The audit risk model is
A)a planning,testing,and evaluation model.
B)a primary planning tool but of limited value in evaluating results.
C)useful in evaluating results but of limited use in planning.
D)useful when performing the tests of balances,but of little value in either the planning or evaluation stages.

Question

Quizplus · Accepted Answer

The audit risk model is primarily used during the planning phase to help auditors assess the risk of material misstatement and determine the nature, timing, and extent of audit procedures. It is less useful for evaluating results.

The Audit Risk Model Is