The Audit Process Has Three Categories of Audit Phases: Risk

question 61

Multiple Choice

The audit process has three categories of audit phases: risk assessment, risk response, and reporting. Which of the following are part of the risk assessment process?

• A) preplanning, design further audit procedures, tests of control
• B) client risk profile, plan the audit, design further audit procedures
• C) client acceptance, understand the entity, plan the audit
• D) preplanning, plan the audit, design further audit procedures

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Definitions:

Lesion

Any abnormal tissue in or on the body, normally caused by disease or injury.

Agnosia

A neurological disorder characterized by the inability to recognize and process sensory information, despite having intact sensory functions.

Sensory Deficit

A reduction or impairment in the ability to perceive stimuli through one's senses, such as sight, hearing, smell, taste, or touch.

Voluntary Action

Actions that are performed as a result of conscious choice or decision, under the control of an individual's will.