CAS 330,the auditor's response to assessed risks,explains that the auditor needs to link completed audit work to the assessed risks at the assertion level and
A)document the conclusions and results of the audit procedures.
B)perform substantive procedures in areas where there is a high risk of fraud.
C)have the reviewing partner sign off on the assessed risk.
D)ensure that they test the entire population for areas that are considered to have a high risk of errors.

Question

Quizplus · Accepted Answer

The auditor needs to document the conclusions and results of the audit procedures performed in response to the assessed risks at the assertion level. This helps to ensure that the audit work is aligned with the areas of highest risk and that the auditor's conclusions are supported by sufficient evidence.

CAS 330,the Auditor's Response to Assessed Risks,explains That the Auditor