While Assessing the Risks of Material Misstatement,auditors Identify Risks,relate Risk

Multiple Choice

While assessing the risks of material misstatement,auditors identify risks,relate risk to what could go wrong,consider the magnitude of risks,and:

A) Assess the risk of misstatements due to illegal acts.
B) Consider the complexity of the transactions involved.
C) Consider the likelihood that the risks could result in material misstatements.
D) Determine materiality levels.