Which phase of the audit opinion formulation process is most commonly thought of as auditing by the general public?
A) Performing risk assessment.
B) Obtaining evidence about internal controls.
C) Obtaining substantive evidence about accounts.
D) Making reporting decisions.

Question

Quizplus · Accepted Answer

The general public typically associates auditing with the process of obtaining substantive evidence about accounts, as this involves examining financial records and transactions to ensure accuracy and compliance.

Which Phase of the Audit Opinion Formulation Process Is Most