Multiple Choice
Which of the following best describes risk assessment,from an auditor's perspective?
A) Financial statements cannot be audited,for example,because the auditor was appointed after the year end.
B) Financial statements distributed by the auditee are not materially false and misleading.
C) The auditor will not overlook significant errors in the financial statements.
D) Identify and assess the risk of material misstatements.
Correct Answer:
Verified
Correct Answer:
Verified
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