The risk-based audit approach requires the auditor to identify
A) account balances or related disclosures that might be materially misstated.
B) potential causes of the misstatement.
C) important processes that may affect one or more account balances.
D) all of the above.
Correct Answer:
Verified
Q40: Controls of the client that the auditor
Q41: In planning the audit,auditors assess control risk
Q42: In the risk-based audit approach the control
Q43: Once a company establishes that it has
Q44: For the auditor to assess control risk
Q46: Under what circumstance is it appropriate for
Q47: Which assertions and controls must be tested
Q48: Regardless of the level of assessed control
Q49: In evaluating the extent to which the
Q50: If the auditor finds a material weakness
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