Audit risk is ordinarily set by the auditor during planning and
A) held constant for each major cycle and account.
B) held constant for each major cycle but varies by account.
C) varies by each major cycle and by each account.
D) varies by each major cycle but is constant by account.

Question

Quizplus · Accepted Answer

Audit risk is typically set at a constant level for each major cycle and account to ensure consistency in the audit approach and risk assessment throughout the audit process.

Audit Risk Is Ordinarily Set by the Auditor During Planning