Multiple Choice
The overall audit process can be broken down into which of these three phases?
A) Client acceptance,risk analysis,and audit performance.
B) Analytical review,test of details of balances,and tests of controls
C) Risk identification,risk assessment and risk response.
D) Risk assessment,risk response,and reporting of results
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Analytical procedures consist of evaluating financial information
Q13: The auditor's objective in obtaining an understanding
Q14: What are auditors referring to when they
Q15: Audit planning is an ongoing process where
Q16: Assume that application of analytical procedures revealed
Q18: This question tests your ability to perceive
Q19: During the preliminary analytical review,the auditor discovered
Q20: The enquiries of the client that result
Q21: List and briefly explain four factors that
Q22: An auditor should assess a client's business