AU-C 330 Performing Audit Procedures in Response to Assessed Risks

Multiple Choice

AU-C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained and AS 2301 The Auditor's Responses to the Risks of Material Misstatement state that _______.

A) auditors are required to perform substantive procedures for all relevant assertions that have been identified during the report issuance phase
B) auditors are required to perform substantive procedures for all relevant assertions that have been identified during the risk assessment phase
C) the auditors must always confer with the prior auditor before issuance of any audit report
D) the accounting qualities of faithful representation and comparability are immaterial to the audit