Which of the following would be the least significant consideration when performing a risk analysis?
A) Financial exposure and potential loss.
B) Skills available within the audit staff.
C) Results of prior audits.
D) Major operating changes.

Question

Quizplus · Accepted Answer

The skills available within the audit staff are less significant in the context of risk analysis, which focuses more on external factors like financial exposure, historical audit results, and operational changes.

Which of the Following Would Be the Least Significant Consideration