Auditors make preliminary risk assessments while _______.
A)planning the audit
B)drawing conclusions about client controls, transactions, and account balances
C)planning to rely on the client's system of internal controls
D)testing the account balances and transactions

Question

Quizplus · Accepted Answer

Preliminary risk assessments are made during the planning phase of the audit, before any testing or conclusions are drawn.

Auditors Make Preliminary Risk Assessments While _______