The auditor might choose an approach that places emphasis on inherent risk and analytical procedures when inherent risk is below the maximum and he or she can develop reliable expectations regarding the account balance.

Question

Quizplus · Accepted Answer

The auditor may opt for an approach emphasizing inherent risk and analytical procedures when inherent risk is not at its maximum and when they can form reliable expectations about the account balance, as this allows for a more efficient and effective audit strategy tailored to the assessed risks.

The Auditor Might Choose an Approach That Places Emphasis on Inherent