The documentation of the audit plan is a record of
A)the nature,timing,and extent of risk assessment procedures and additional audit procedures at the relevant assertion level in response to the auditor's professional judgment
B)the nature,timing,and extent of risk assessment procedures and additional audit procedures at the relevant assertion level in response to assessed risks
C)the nature,timing,and extent of procedures to determine materiality and additional audit procedures at the relevant assertion level in response to assessed risks
D)the nature,timing,and extent of risk assessment procedures and additional audit procedures based on the client's assertions in response to assessed risks

Question

Quizplus · Accepted Answer

The documentation of the audit plan should reflect the nature, timing, and extent of risk assessment procedures and additional audit procedures at the relevant assertion level in response to assessed risks. The plan should be tailored to the specific risks identified during the risk assessment process, which may require additional procedures beyond those required by auditing standards. The plan should be well-documented and include the basis for the auditor's professional judgment regarding the nature, timing, and extent of procedures to be performed.

The Documentation of the Audit Plan Is a Record of