Which of the following is part of phase III of the audit process, which is responding to assessed risks?
A)Determine the nature, timing and extent of audit tests.
B)Conduct tests of controls.
C)Assess the risk of material misstatement.
D)Identify significant inherent risks.

Question

Quizplus · Accepted Answer

In phase III of the audit process, auditors determine the nature, timing, and extent of audit tests to respond to assessed risks.

Which of the Following Is Part of Phase III of the Audit