Place these phases of an audit in chronological order:
A.Assess the risk of material misstatement
B.Respond to assessed risks
C.Perform risk assessment procedures
D.Evaluate audit evidence
A)A, B, C, D.
B)C, A, B, D.
C)A, C, D, B.
D)D, C, B, A.

Question

Place these phases of an audit in chronological order: 
A.Assess the risk of material misstatement
B.Respond to assessed risks
C.Perform risk assessment procedures
D.Evaluate audit evidence
A)A, B, C, D.
B)C, A, B, D.
C)A, C, D, B.
D)D, C, B, A.

Quizplus · Accepted Answer

The correct chronological order is: Perform risk assessment procedures (C), Assess the risk of material misstatement (A), Respond to assessed risks (B), and Evaluate audit evidence (D).

Place These Phases of an Audit in Chronological Order