The Auditor Has to Develop an Audit Plan That Responds

Multiple Choice

The auditor has to develop an audit plan that responds to the risks of material misstatement identified in the prior steps of the audit process.The auditing standards require the auditor to develop an audit plan that includes which of the following elements?

A) the nature,timing,and extent of planned risk assessment procedures to allow the auditor to estimate the risk of material misstatement at the financial statement and assertion level
B) the nature,timing,and extent of audit procedures to establish the assessed risks of material misstatement at the relevant assertion level
C) the nature,timing,and extent of audit procedures to test the effectiveness of internal controls
D) other audit procedures that need to be done to allow the auditor to comply with generally accepted auditing standards