Risk assessment points the auditor to the important areas of the client's operations and financial statements in order to
A) understand important areas of the client's operations and financial statements.
B) identify potential problems.
C) determine what needs to be accomplished during the audit.
D) all of the above

Question

Quizplus · Accepted Answer

Risk assessment helps the auditor to understand important areas of the client's operations and financial statements, identify potential problems, and determine what needs to be accomplished during the audit. Therefore, all of the above options are correct.

Risk Assessment Points the Auditor to the Important Areas of the Client's