The risk-based approach is used to assess:
A)Whether a CPA's scope of services poses an unacceptable risk to Independence
B)Whether a CPA's relationship with a client would pose an unacceptable risk to Independence
C)Risk of audit failure
D)Risk of fraud

Question

Quizplus · Accepted Answer

The risk-based approach is used to assess whether a CPA's relationship with a client would pose an unacceptable risk to Independence, focusing on potential threats to independence and objectivity.

The Risk-Based Approach Is Used to Assess