How does the auditor use the information from the risk assessment procedures?
A)the auditor assembles an audit team with appropriate audit skills
B)the auditor insures that appropriate documentation will be gathered during the audit
C)the auditor should determine the audit opinion based on the risk assessment
D)the auditor must design audit procedures to reduce the risk to an acceptably low level

Question

Quizplus · Accepted Answer

The auditor uses the information from the risk assessment procedures to design audit procedures to reduce the risk to an acceptably low level. This ensures that the audit is focused on the areas of highest risk and that sufficient evidence is obtained to support the audit opinion. Assembling an audit team with appropriate skills and gathering appropriate documentation are also important steps, but they are not directly related to using the information from the risk assessment procedures. The determination of the audit opinion is based on the results of the audit and is not solely determined by the risk assessment.

How Does the Auditor Use the Information from the Risk