The Primary Objective of Procedures Performed to Obtain an Understanding

Multiple Choice

The primary objective of procedures performed to obtain an understanding of the entity and its environment is to provide an auditor with:

A) Knowledge necessary for risk assessment and audit planning.
B) Audit evidence to use in assessing inherent risk.
C) A basis for issuing an opinion on the financial statements.
D) An evaluation of the consistency of application of management's policies.