Finding an appropriate combination of audit procedures to minimize an engagement's audit risk _______.
A)can be challenging
B)is generally fairly straightforward
C)is the responsibility of the internal audit function
D)is the responsibility of management

Question

Quizplus · Accepted Answer

Finding an appropriate combination of audit procedures to minimize an engagement's audit risk can be challenging because it requires the auditor to assess the nature, timing, and extent of audit procedures based on the specific risks associated with the audited entity and its environment. The responsibility for determining the appropriate combination of procedures lies with the auditor, not the internal audit function or management.

Finding an Appropriate Combination of Audit Procedures to Minimize an Engagement's