Which of the following are covered during the risk response phase of an audit?
A) The performance of detailed tests of controls
B) Substantive or detailed testing of transactions and accounts
C) Forming an opinion on the fair presentation of the client's financial statements
D) Identifying factors that may impact the risk of a material misstatement occurring
Correct Answer:
Verified
Q136: Auditors can control detection risk by _.
A)planning
Q137: In the substantive approach, if there is
Q138: In the context of identifying fraud, which
Q139: Prevention of fraud refers to _.
A)the use
Q140: An example of misappropriation of assets is
Q142: Which of the following are a special
Q143: Which of the following is NOT an
Q144: Which of the following are true in
Q145: The PCAOB periodically issues Staff Audit Practice
Q146: Which of the following could exhibit materiality?
A)Information
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