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The Audit Process Has Three Categories of Audit Phases: Risk

Question 61

Multiple Choice

The audit process has three categories of audit phases: risk assessment, risk response, and reporting. Which of the following are part of the risk assessment process?


A) preplanning, design further audit procedures, tests of control
B) client risk profile, plan the audit, design further audit procedures
C) client acceptance, understand the entity, plan the audit
D) preplanning, plan the audit, design further audit procedures

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