Multiple Choice
The risk response phase of an audit involves:
A) The assessment of the audit firm's quality control procedures.
B) Gaining an understanding of the client.
C) Evaluating the results of the detailed testing and forming an opinion on the truth and fairness of the client's financial report.
D) The performance of detailed tests of controls and substantive testing of transactions and accounts.
Correct Answer:
Verified
Correct Answer:
Verified
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