AccR is largely geared to reflect business risks of the auditee.

Question

Quizplus · Accepted Answer

AccR, which stands for Audit Control and Risk Assessment, is a method used by auditors to assess the risks associated with an entity's financial statements. The process involves identifying inherent risks in the business environment, which can include economic, legal, and market uncertainties. As such, AccR is largely geared towards reflecting the business risks of the auditee, making option A the correct answer.

AccR Is Largely Geared to Reflect Business Risks of the Auditee