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 auditors _______.

A) are required to perform substantive procedures for all relevant assertions that have been identified after issuance of the audit opinion
B) are required to perform substantive procedures for all relevant assertions that have been identified during the risk assessment phase
C) are required to perform tests of controls for all relevant assertions that have been identified during the risk assessment phase
D) should notify the client immediately of a change in fee structure pertaining to the audit