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One of the Purposes of Developing a Client Risk Profile

Question 3

Multiple Choice
One of the purposes of developing a client risk profile is to assist the auditor in
A)developing the pertinent audit procedures for tests of internal controls.
B)assessing the client's business risk.
C)locating related parties that need to be disclosed.
D)deciding whether fraud or illegal acts have taken place.

One of the purposes of developing a client risk profile is to assist the auditor in


A) developing the pertinent audit procedures for tests of internal controls.
B) assessing the client's business risk.
C) locating related parties that need to be disclosed.
D) deciding whether fraud or illegal acts have taken place.

Correct Answer:

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