The Audit Plan Includes the Nature,timing,and Extent of Audit Procedures

question 49

Multiple Choice

The audit plan includes the nature,timing,and extent of audit procedures for the purposes of risk assessment,including those that are linked to the individual audit assertions,as well as any other audit procedures that are considered necessary.At what point in the audit process is the audit plan finalized?

• A)When the auditor has finished documenting internal controls.
• B)When the client risk profile has been completed.
• C)When risk assessments are complete.
• D)When inherent risk information has been gathered.

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Definitions:

Emotional Trauma

A psychological condition resulting from an extremely distressing experience, leading to lasting emotional pain and mental disturbance.

Posttraumatic Stress Disorder

A psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event, characterized by flashbacks, nightmares, severe anxiety, and uncontrollable thoughts about the event.

Dark Triad

A psychological term referring to the personality traits of narcissism, Machiavellianism, and psychopathy, which are typically associated with a callous-manipulative interpersonal style.

Malicious Traits

Characteristics or qualities of an individual that are harmful, cruel, or ill-intentioned.